Botswana Diamonds PLC Kimberlite pipe discovered at Thorny River (1829H)
02 December 2020 - 6:00PM
UK Regulatory
TIDMBOD
RNS Number : 1829H
Botswana Diamonds PLC
02 December 2020
2(nd) December 2020
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Kimberlite pipe discovered at Thorny River
Botswana Diamonds is pleased to report the discovery of a new
kimberlite "blow" (i.e. a small pipe) located on our Thorny River
project in South Africa. The blow was discovered during our recent
drilling programme and covers a target area of 0.4 hectares.
John Teeling, chairman, commented. "Our drilling has discovered
a small kimberlite pipe ("a blow") on the Thorny River project.
This is very significant as the nearby Marsfontein (0.4 hectares)
and Sugarbird (0.5 hectares) blows were extremely profitable
diamond-producing operations. We are moving forward with a
programme to define the extent of this new resource particularly as
the diamond grades are known to be consistent across the whole
area".
A total of six holes were drilled in the Thorny River area. A
combined total of 39.5m intersected kimberlite while an additional
55m intersected a weathered kimberlite breccia. The best hole
contained a down-the-hole (at forty-five degrees dip) intersection
of kimberlite and kimberlite breccia of 19m. Both kimberlite and
kimberlite breccia are being analysed for diamonds and indicators.
We have enough data to construct a preliminary 3D model of the
resource and to estimate kimberlite volumes. Following this we will
perform core drilling to confirm the precise geology and kimberlite
profile.
Drilling on the Marsfontein targets discovered no additional
extensions to the M8 kimberlite. The focus on this property will be
on the diamondiferous alluvial deposits confirmed by our recent
geophysics programme and by Professor Tania Marshall, the current
Chairperson of the SamCode Standards Committee and a recognised
expert in the geology and assessment of diamondiferous alluvial
deposits. A further five targets will be drilled in the Thorny
River area in the near future.
This release has been approved by James Campbell, Managing
Director of Botswana Diamonds plc, a qualified geologist
(Pr.Sci.Nat), a Member of the Geological Society of South Africa, 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 35-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
Michael Cornish
Roland Cornish +44 (0) 020 7628 3396
Beaumont Cornish Limited - Broker
Roland Cornish
Felicity Geidt +44 (0) 207 628 3396
First Equity Limited - Joint Broker
Jason Robertson +44 (0) 207 374 2212
Blytheweigh - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Rachael Brooks +44 (0) 207 138 3206
Said Izagaren +44 (0) 207 138 3206
Naomi Holmes +44 (0) 207 138 3206
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ross Murphy +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
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END
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