Botswana Diamonds PLC Kimberlite Pipe Potential at Thorny River (7435K)
September 02 2019 - 2:00AM
UK Regulatory
TIDMBOD
RNS Number : 7435K
Botswana Diamonds PLC
02 September 2019
2(nd) September 2019
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Kimberlite Pipe Potential Identified at Thorny River
Botswana Diamonds ("BOD"), the AIM and BSE listed diamond
explorer is pleased to announce that pioneering geophysical work
has identified what is believed to be kimberlite pipes buried at
shallow depth on the Company's Thorny River ground.
The targets identified are very similar to the pipe that
constituted the high-grade and famous De Beers Marsfontein mine, in
so much as the pipe had little surface indication due to dolerite
rock cover but grew and swelled below the dolerite.
Much of the Thorny River area geology is comprised of a dolerite
dyke swarm. Conventional geophysical techniques have been unable to
detect kimberlites under the dolerite including those that are
deeper seated. Subterrane, a partner using its proprietary
technology, enables the company to explore geophysical anomalies
beneath the dolerite and those that are buried. This could lead to
the discovery of kimberlites similar to Marsfontein. Thus far
Subterrane has identified five such target areas within the Thorny
River project.
John Teeling, chairman, commented, "It has long been held that
there should be high grade kimberlite pipes other than the
Marsfontein mine in the Thorny River area. The geology made
discovery difficult. New geophysical technology tries to see
through the dense dolerite cover. The company pioneering the work,
Subterrane, believe they have identified 5 targets likely to be
kimberlites. We are working to better define where to drill. The
targets are shallow so will not be expensive to drill".
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 & Broker
Michael Cornish
Roland Cornish +44 (0) 020 7628 3396
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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