Botswana Diamonds PLC Kalahari Desert Exploration Update (2876U)
July 11 2018 - 4:20AM
UK Regulatory
TIDMBOD
RNS Number : 2876U
Botswana Diamonds PLC
11 July 2018
11 July 2018
Botswana Diamonds PLC
("Botswana Diamonds", "BOD" or the "Company")
Kalahari Desert Exploration Update
Botswana Diamonds (AIM: BOD) is pleased to provide an update on
the Company's Sunland Minerals exploration projects in Botswana.
Sunland Minerals is a JV with Alrosa and BOD is the operator.
Headlines:
-- All 8 anomalies sampled in the Kalahari reported good (KIMs),
kimberlitic indicator minerals.
-- The grains include fresh chrome diopsides and olivines suggesting a local source.
Mineral sampling over the 8 previously discovered and announced
high contrast geophysical anomalies in the Gope Region of the
Kalahari Desert is completed. A total of 267 kimberlitic indicator
minerals ("KIMs") were discovered. All 8 anomalies had KIMs. The
KIMs included 41 garnets, 13 chromites, 139 ilmenites, 4 chrome
diopsides and 70 olivines. An analysis of the grains by Remote
Exploration Services of Cape Town concluded that the sources were
likely to be local due to the abundance, size and fresh surface
textures of the KIMs. The next step, currently in process, is to
prove the mineral chemistry of the grains to determine the diamond
bearing potential.
Kimberlitic indicators from the mineral sampling are presented
in Figure 1 below:
Figure 1
http://www.rns-pdf.londonstockexchange.com/rns/2876U_1-2018-7-11.pdf
John Teeling, Chairman, commented: "The first Sunland
exploration programme undertaken by BOD geologists has been
successful. Sunland is a joint venture with Alrosa with BOD
becoming operators in early 2018. 8 anomalies were sampled and
encouraging quantities of KIMs were found in all 8. We are pleased
by this rare occurrence for three reasons. Firstly, the abundance
of a variety of kimberlitic minerals; secondly, the presence of
olivines and chrome diopsides which are minerals which do not
travel far in the weathering environment and finally the surface
texture work indicates a local source. Our next step forward is to
analyse the diamond bearing capacity before we proceed to plan for
a drilling campaign. I look forward to providing our shareholders
with further updates in due course".
This release has been approved by James Campbell, Managing
Director of Botswana Diamonds plc, a qualified geologist
(Pr.Sci.Nat), a Fellow of the South African Institute of Mining and
Metallurgy, a Fellow of the Institute of Materials, Minerals and
Mining with over 32-years' experience in the diamond sector.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
ENDS
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman +353 1 833 2833
James Campbell, Managing Director +27 83 457 3724
Jim Finn, Director
Northland Capital Partners Limited
David Hignell/Dugald J Carlean
(Corporate Finance) +44 (0) 203 861 6625
John Howes (Broking)
SVS Securities Plc +44 (0) 203 700 0100
Tom Curran
Ben Tadd
Blytheweigh +44 (0) 207 138 3204
Tim Blythe +44 (0) 7816 924 626
Simon Woods +44 (0) 7466 439 633
Teneo PSG
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
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END
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