Kimberlite Discovered on Vutomi Licence

RNS Number : 0330L

Botswana Diamonds PLC

14 July 2017

 

14^th July 2017

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Kimberlite Discovered on Vutomi Licence

Highlight:

·      Kimberlite pipe identified on Ontevreden Licence

Botswana Diamonds (BOD) the AIM and BSE listed explorer is pleased to announce that prospecting work on the Ontevreden licence held by Vutomi has identified a group 2 kimberlite pipe.  Initial work indicates a size of 1.5 to 2.5 hectares in area containing high interest garnets.  Detailed drilling of the area will follow to confirm the size and whether it contains commercial diamonds.

Ontevreden is close to the Petra Diamonds Helam diamond mine in North West South Africa some 400 km from Frischgewaagt (FGT) in a separate kimberlite cluster.  Helam has a grade of 85 carats per hundred tonne (cpht).

John Teeling, Chairman, commented, "This is excellent news.  A new kimberlite discovery in an area where high grade kimberlites are being mined offers exciting prospects for the Company. I look forward to providing shareholders with further updates as appropriate."

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	[phone]
James Campbell, Managing Director	[phone]
Jim Finn, Director
Northland Capital Partners Limited
David Hignell/Gerry Beaney (Corporate Finance)	[phone]
John Howes (Broking)
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Camilla Horsfall	[phone]
Nick Elwes	[phone]
Teneo PSG
Ciaran Flynn	[phone]
Alan Tyrrell	[phone]

www.botswanadiamonds.co.uk

 

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