Marsfontein and Thorny River Exploration Update

RNS Number : 5784E

Botswana Diamonds PLC

09 November 2020

 

9^th November 2020

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Update on Latest Phase of Exploration on the Marsfontein and Thorny River Diamond Properties in South Africa

· Kimberlite targets identified

· Drilling to begin in two weeks  

Botswana Diamonds ('BOD'), the AIM and BSE listed diamond explorer, is pleased to provide an update on the latest exploration programme conducted on the Marsfontein and Thorny River diamond properties. This has identified a number of drillable targets.

A mulithole drilling programme is expected to begin within two weeks.

A number of geophysical techniques and technologies were applied including gravity, electromagnetics, magnetics and ground penetrating radar. Out of the ten areas surveyed, the findings have identified four target areas including a potential blow of up to 0.25Ha and swells in the kimberlite dyke system of up to 10m. 

John Teeling, chairman, commented. "This phase of exploration on Thorny River and Marsfontein was designed to identify potential "blows" and swells on kimberlite veins. We have identified four likely targets, one blow, and three swells. These will be drilled in the coming weeks. Some of the kimberlite pipes in this area contain very high diamond grades. "

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 James Campbell, Managing Director Jim Finn, Director	[phone] [phone] [phone]
Beaumont Cornish - Nominated Adviser  Michael Cornish Roland Cornish	[phone]
Beaumont Cornish Limited - Broker  Roland Cornish Felicity Geidt	[phone]
First Equity Limited -  Joint Broker  Jason Robertson	[phone]
Blytheweigh - PR Megan Ray Rachael Brooks Said Izagaren Naomi Holmes	[phone] [phone] [phone] [phone] [phone]
Teneo Luke Hogg Alan Tyrrell Ross Murphy	[phone] [phone] [phone]

www.botswanadiamonds.co.uk

 

END

 

 

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