Botswana Diamonds PLC Anomalies indicative of kimberlite pipes (0109M)
May 19 2022 - 2:00AM
UK Regulatory
TIDMBOD
RNS Number : 0109M
Botswana Diamonds PLC
19 May 2022
19(th) May 2022
Botswana Diamonds PLC
("Botswana Diamonds", "BOD" or the "Company")
Geophysics identifies anomalies indicative of kimberlite
pipes
Botswana Diamonds, the London AIM and BSE listed diamond
explorer, is pleased to announce the results of a ground geophysics
survey on its Sekaka Diamonds Pty Ltd ("Sekaka") Prospecting
Licenses in Botswana.
Highlights
-- High interest anomalies indicative of kimberlite pipes
discovered in the vicinity of the KX36 diamond discovery.
Chairman, John Teeling commented: "These results strongly
support our view that other kimberlites remain to be found in the
vicinity of our 100% owned KX36 diamond discovery. If these
anomalies prove to be diamondiferous kimberlites it will enhance
the commercial prospects of the existing KX36 discovery. We will
now do follow up work to target drill sites".
Following a detailed review of aeromagnetic data on Sekaka
licences PL069/2019 and PL224/2007 four high interest anomalies
were identified within a six-kilometre radius of the existing
Botswana Diamond KX36 discovery in the Central Kalahari of
Botswana. The anomalies are magnetic highs along fault structures
and are typical of occurrences of kimberlite pipes in the area. A
recent ground follow-up work with ground magnetic surveys confirmed
these encouraging anomalies. The nest steps are gravity modelling
and soil sampling. A drill programme will be put in place.
Information on exploration activities in Botswana
The Company is involved in three diamond exploration companies
in Botswana: the 100% owned Sunland Minerals Pty Ltd and 100% owned
Sekaka Diamonds Pty Ltd and a minority stake in the Maibwe joint
venture. All three companies have diamond exploration licences in
the Kalahari Desert.
______
Qualified Person
This release has been approved by James Campbell, Managing
Director of Botswana Diamonds plc, a qualified geologist
(Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining
and Metallurgy, the Institute of Materials, Metals and Mining (UK)
and the Geological Society of South Africa and who has over
35-years' experience in the diamond sector.
______
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014. The person who arranged
for the release of this announcement on behalf of the Company was
James Campbell, Director.
A copy of this announcement is available on the Company's
website, at www.botswanadiamonds.co.uk
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman +353 1 833 2833
James Campbell, Managing Director +27 83 457 3724
Jim Finn, Director +353 1 833 2833
Beaumont Cornish - Nominated Adviser
Michael Cornish
Roland Cornish +44 (0) 020 7628 3396
Beaumont Cornish Limited - Broker
Roland Cornish
Felicity Geidt +44 (0) 207 628 3396
First Equity Limited - Joint Broker
Jason Robertson +44 (0) 207 374 2212
BlytheRay - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Rachael Brooks +44 (0) 207 138 3206
Said Izagaren +44 (0) 207 138 3206
Naomi Holmes +44 (0) 207 138 3206
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ciara Wylie +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
Beaumont Cornish Limited, which is authorised and regulated in
the United Kingdom by the Financial Conduct Authority, is acting as
nominated adviser to the Company in relation to the matters
referred herein. Beaumont Cornish Limited is acting exclusively for
the Company and for no one else in relation to the matters
described in this announcement and is not advising any other person
and accordingly will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
Beaumont Cornish Limited, or for providing advice in relation to
the contents of this announcement or any matter referred to in
it.
ENDS
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