Botswana Diamonds PLC New Prospecting Applications approved in Botswana (1728D)
25 April 2017 - 4:00PM
UK Regulatory
TIDMBOD
RNS Number : 1728D
Botswana Diamonds PLC
25 April 2017
25(th) April 2017
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
New Prospecting Applications approved in Botswana
Botswana Diamonds plc, the AIM listed diamond explorer (AIM:
BOD) is pleased to announce the award of six new Prospecting
Licenses in Botswana to Sunland Minerals Pty Ltd, BOD's Joint
Venture company with Alrosa.
The Prospecting Licenses ('PL') were issued for a period of
three years ending on 30(th) March 2020. Four are in the Central
Kalahari Game Reserve ('CKGR') and cover 3,135 square kilometres
and two are in the Orapa kimberlite province and cover 482 square
kilometres.
The areas were selected following a detailed review of
historical data by the BOD and Alrosa team. The CKGR area was
selected as it is close to the Gem Diamonds Gope Mine as well as
high interest projects held by the Maibwe Joint Venture, where BOD
is a partner. The Kalahari cover is thinner and there are
unexplained geophysical and kimberlite indicator anomalies some of
which are contiguous with existing pipes. The Orapa area,
North-East of Debswana's Letlhakane Mine was selected as there also
unexplained anomalies. There are 85 kimberlites in the Orapa
kimberlite province of which 8 are current diamond mines, or have
been active diamond mines previously. The Orapa Mine is also the
largest Tier 1 diamond mine by area in the world at 118
hectares.
In addition to the new PL's, the Company is also pleased to
announce that an Alrosa team of geologists and mineralogists have
arrived in Botswana to begin the 2017 field exploration programme.
As previously announced, this will focus on sampling and
geophysical studies on four licences, PL 260 in Orapa and PL 135,
235 and 234 in the Gope area. Further announcements regarding this
exploration programme will be made as appropriate.
John Teeling, Chairman, commented "I am delighted that we have
been awarded this highly prospective ground in Botswana. This will
allow us to work with Alrosa to deploy advanced exploration
technology to areas which have not been looked at through this lens
before."
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
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 Materials, Metals and Mining with over
31-years' experience in the diamond sector.
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/Gerry Beaney
(Corporate Finance) +44 (0) 203 861 6625
John Howes (Broking)
Dowgate Capital Stockbrokers
Limited
Jason Robertson +44 (0) 203 903 7725
Blytheweigh +44 (0) 207 138 3204
Camilla Horsfall +44 (0) 781 784 1793
Nick Elwes +44 (0) 783 185 1855
Kristina Kazerani +44 (0) 207 138 3206
Rachael Brooks
Teneo PSG
Ciaran Flynn +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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