Botswana Diamonds PLC Additional Kimberlite Discovered at Thorny River (8517U)
August 04 2022 - 2:00AM
UK Regulatory
TIDMBOD
RNS Number : 8517U
Botswana Diamonds PLC
04 August 2022
4(th) August 2022
Botswana Diamonds PLC
("Botswana Diamonds", "BOD" or the "Company")
Thorny River Drilling Discovers Additional Kimberlite. Mine Plan
being Prepared
Botswana Diamonds plc ("BOD"), the London AIM and BSE listed
diamond explorer, is pleased to announce results from its latest
drilling campaign on its Thorny River diamond project in South
Africa.
Highlights
-- 12 reverse circulation holes completed in recent drilling campaign
-- 52 metres of kimberlite found, the largest intersection being 22 metres
-- 2 new blows discovered which will increase the mineable kimberlite
-- Mine plan being finalised
-- Mining permit application being prepared
Chairman, John Teeling commented: "We have finished exploration
and now move toward mine development. We already have a good
understanding of how the mine will look. The recent drilling
identified the entry point for a mine. The next stage is to refine
the mine model and to apply for a Mining Permit".
Detail
The objective of this drilling campaign was to expand the
mineable kimberlite for the purpose of mine planning. Twelve
reverse circulation holes over five targets were drilled for a
total of 536m. Analysis of raw data shows that two of the targets
resulted in the discovery of new sub-surface blows which will be
added to the inventory, whilst one shows promise (having produced
kimberlitic indicators) but needs further definition work and the
remaining two targets do not merit further work. The in-hole
kimberlite intersections totalled 52 metres, the longest being a
vertical intersection of 22m. The two additional blows are
on-strike and 200m and 700m east from the River and River Extension
blows.
The next steps are to finalise a mining plan and to apply for a
mining permit. A further announcement will be made in due
course.
______ _______________
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.
______
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018. 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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