Botswana Diamonds PLC Drilling commenced on Ontevreden Kimberlite Pipe (4843H)
13 March 2018 - 6:00PM
UK Regulatory
TIDMBOD
RNS Number : 4843H
Botswana Diamonds PLC
13 March 2018
13 March 2018
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Drilling commenced on the Ontevreden Kimberlite Pipe
The board of Botswana Diamonds (AIM: BOD) are pleased to provide
an update on the Ontevreden kimberlite pipe, which is part of the
Company's Vutomi Joint Venture in South Africa.
Highlights:
-- Initial five hole drilling programme has commenced on the
Ontevreden kimberlite pipe to ascertain diamond content; and
-- The kimberlite contains abundant key diamond indicators,
typically seen in high-grade kimberlite pipes.
John Teeling, Chairman, commented, "We are pleased to announce
the commencement of drilling at the Ontevreden kimberlite pipe. We
know that the pipe contains significant quantities of G10 and G9
garnets - high quality diamond indicator minerals frequently found
in high-grade kimberlite pipes. The drilling is to discover
diamonds."
Ontevreden
Following the discovery of a kimberlite pipe at Ontevreden in
July 2017, work was undertaken to ascertain the potential for the
pipe to be diamondiferous. Results from ground samples taken from
the pipe were analysed and produced abundant G9, G10, and
complimentary eclogitic garnets in a mix typically associated with
high-grade kimberlites. Rock geochemistry undertaken by the Council
for Geosciences categorised Ontevreden as a Group 2 kimberlite.
Detailed ground geophysics has also been undertaken and this
identified a minimum surface pipe surface area of 100m x 70m. The
drilling operations will confirm the size, provide an understanding
of the internal geology and enough samples to enable both
petrography and microdiamond analyses.
The Ontevreden kimberlite pipe is close to Petra Diamonds' now
mothballed Helam Mine, which yielded a grade of 267cpht and a
diamond value of US$145/ct at a +1mm bottom cut off (2014
data).
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 the Institute of Materials, Minerals and
Mining with over 32-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 (Broking)
SVS Securities Plc +44 (0) 203 700 0100
Tom Curran
Ben Tadd
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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