Botswana Exploration Update (3421U)
December 20 2011 - 9:00AM
UK Regulatory
TIDMDCP
RNS Number : 3421U
Diamondcorp Plc
20 December 2011
DiamondCorp plc JSE share code: DMC AIM share code: DCP ISIN:
GB00B183ZC46 (Incorporated in England and Wales) (Registration
number 05400982) (SA company registration number 2007/031444/10)
('DiamondCorp' or 'the Company')
BOTSWANA EXPLORATION UPDATE
DiamondCorp plc, the African diamond mine development and
exploration company, is pleased to provide an update of kimberlite
exploration at the Company's Jwaneng South joint venture in
Botswana.
Preliminary results of kimberlite samples recovered from the
first five large diameter (455mm) drill(LDD) holes undertaken on
kimberlite J-05 are now available.
The samples totalling 249.85 tonnes were processed through a
modified circuit on the 65tph dense media separation plant at the
Company's Lace Mine in South Africa. The circuit was modified
specifically to treat the LDD samples from Jwaneng. Each borehole
was treated as a separate sample with the plant being purged
between samples. Each sample was spiked with tracers to monitor
plant performance. All tracers were recovered.
A total of 23 macro diamonds (diamonds larger than 0.5mm in
size) totalling 0.85 carats have been recovered to date. The
majority are clear gem quality stones with four pink stones
present. The majority of the stones are fragments of larger
diamonds most likely broken during the drilling process. The
concentrates from each sample will be re-processed early in the New
Year in order to ensure that no diamonds were missed. Once the
samples have been re-processed, the data, together with the micro
diamond data recovered from earlier exploration, will be submitted
for modelling to determine an initial grade estimate.
In the meantime, LDD drilling at kimberlite J-01 is continuing,
with samples due to start arriving at Lace for processing in the
New Year.
Commenting on the results, DiamondCorp's managing director Paul
Loudon said: "We look forward to receiving final results and the
grade modelling from the mini-bulk tests on both J-01 and J-05 in
the first quarter of 2012. Only when the final data has been
assessed and modelled will we have an indication of the grade
potential of these kimberlites."
London
20 December 2011
The Competent Person responsible for the technical information
contained in this announcement is Mr Paul Zweistra (Pr. Sci. Nat.,
Registration number 400016/93) a full-time employee of VP3. VP3 and
Mr Zweistra have given their permission for their work to be quoted
in this announcement.
AIM Nomad: Fairfax I.S. plc
AIM Brokers: Fairfax I.S. plc, Ocean Equities Ltd JSE Sponsor:
PSG Capital (Pty) Limited DiamondCorp plc, Paul Loudon +44 20 3151
0970/+27 56 212 2308 Ewan Leggat, Fairfax I.S. plc +44 207 598 5368
Guy Wilkes, Ocean Equities Limited +44 207 786 4370 John-Paul
Dicks, PSG Capital (Pty) Limited +27 21 887 9602 Charmane
Russell/Marion Brower, Russell & Associates +27 11 880 3924
This information is provided by RNS
The company news service from the London Stock Exchange
END
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