Botswana Diamonds PLC Update on Thorny River project development (4329R)
February 28 2019 - 5:27AM
UK Regulatory
TIDMBOD
RNS Number : 4329R
Botswana Diamonds PLC
28 February 2019
28(th) February 2019
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Update on Thorny River project development
-- Bulk sampling on track to commence in Q2 2019 subject to approvals.
-- Eighteen drill holes completed to define the bulk sampling plan; kimberlite found in twelve.
-- One hole hit a 4.5 metre kimberlite intersection, the thickest to date.
-- A mantle xenolith was found, this is indicative of high diamond content.
-- Further drilling will be undertaken on two adjacent sites
which may contain kimberlite blows. A gravity survey is underway on
these areas.
-- Refurbishment of the nearby diamond processing plant is
underway. This plant will process the Thorny River material.
Botswana Diamonds ("BOD") the AIM and BSE listed explorer is
pleased to announce that the first phase of the intensification
drilling programme on Thorny River has been concluded with drilling
complete on the farm Hartbeesfontein. Eighteen holes have been
drilled with twelve intersecting kimberlite. A bulk sampling target
of 1.5 km of kimberlite fissure intersection has been
identified.
The second phase of the drilling programme, taking place on the
farm Frischgewaagt has commenced with three holes drilled so far,
all of which intersected kimberlite. The third hole intersected
4.5m of kimberlite fissure down the hole, which is the thickest
section intersected to date on the project. This hole also produced
a mantle xenolith (eclogite) composed of clinopyroxene and garnet
which is indicative of high diamond content.
The third and final phase of the drilling programme will
commence once a detailed gravity survey has been concluded over two
potential kimberlite blows on the same property.
The purpose of this drilling programme is to enable detailed
planning for a bulk sampling programme, which will commence on
completion of drilling activities and after the necessary
regulatory approvals have been received (which are expected within
the next two months). Refurbishment is currently underway of a
nearby diamond processing plant to process the bulk sample
kimberlite.
Work has commenced on potential secondary (alluvial) diamond
deposits in the project area. The nearby and worked-out Marsfontein
diamond mine was host to eluvial diamond deposits running at grades
of 1,433 cpht.
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, a Fellow of the Institute of Materials, Metals and
Mining (UK) and with over 33-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
ENDS
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
SVS Securities Plc - Broker
Tom Curran
Ben Tadd +44 (0) 20 3700 0100
Blytheweigh - PR +44 (0) 20 7138 3206
Julia Tilley +44 (0) 207 138 3553
Fergus Cowan +44 (0) 207 138 3208
Teneo
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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