Botswana Diamonds PLC Vutomi Joint Venture - Exploration Update (4216Q)
12 September 2017 - 4:00PM
UK Regulatory
TIDMBOD
RNS Number : 4216Q
Botswana Diamonds PLC
12 September 2017
12(th) September 2017
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Vutomi Joint Venture - Exploration Update
Botswana Diamonds, the AIM and BSE listed explorer (AIM: BOD),
is pleased to announce a further update on its Vutomi Joint Venture
in South Africa.
Highlights:
-- 17 Holes Drilled on the Zebediela Project ("Zebediela");
-- Large Diameter Drilling is scheduled to commence in October on Zebediela; and
-- Geophysics outlines the size of the Kimberlite Discovery at
Ontevreden as a minimum of 100 metres x 70 metres.
Seventeen reverse circulation percussion holes have been drilled
on Zebediela on the farms Frischgewaagt, Hartbeesfontein and
Doornrivier in the Limpopo Province of South Africa. These holes
have been drilled to further delineate the extensive kimberlite
pipe/fissure system and as pilot holes for a Large Diameter
Drilling programme which is scheduled to commence next month. This,
along with previous geological and resource development work, is
targeting the declaration of an Inferred Resource on the project by
the end of the year. Zebediela is located in close proximity to the
De Beers / SouthernEra Marsfontein Mine, which had an average grade
of 172cpht and diamond value of US$128/ct and with a capital
payback of less than 4-days.
At Ontevreden, the Company's latest kimberlite discovery in the
North West Province of South Africa, detailed ground geophysics has
been completed producing a minimum anomaly size of 100 metres x 70
metres. Samples of the high interest Group 2 kimberlite have been
taken for kimberlitic indicator analyses and these are currently
being processed through in-house facilities. The grains will be
microprobed at the University of Johannesburg. Ontevreden is close
to Petra's Helam Mine which has grades running as high as 500 cpht
and diamond value of US$255/ct.
John Teeling, the Company's Chairman, commented, "Intensive
exploration is ongoing at our two main projects in South Africa,
Zebediela and Ontevreden. At Zebediela the drilling has identified
where best to site the Large Diameter Drill programme beginning in
October 2017. At Ontevreden, geophysics has outlined the size of
the previously announced Group 2 kimberlite discovery which is
currently estimated at 100m x 70m metres."
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.
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/Gerry Beaney
(Corporate Finance) +44 (0) 203 861 6625
John Howes/Bonnie Hughes
(Broking)
Blytheweigh +44 (0) 207 138 3204
Camilla Horsfall +44 (0) 781 784 1793
Nick Elwes +44 (0) 783 185 1855
Teneo PSG
Luke Hogg +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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