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Botswana Diamonds (BOD)

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Thursday 10 June, 2021

Botswana Diamonds

Thorny River advances towards resource assessment

RNS Number : 3875B
Botswana Diamonds PLC
10 June 2021
 

 

 

10th June 2021


Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Thorny River discovery advances towards resource assessment

 

Model of new Kimberlites Volumes

 

Botswana Diamonds ('BOD'), the AIM and BSE listed diamond explorer, updates the three-dimensional model of the recent kimberlite discovery on South Africa's Thorny River diamond project.

 

Following the recently announced discovery of a second kimberlite blow at Thorny River, independent specialists aggregated all the geophysical and drilling data to model the potential kimberlite volume of the two adjacent blows and the connecting kimberlite.  The updated model estimates a range for the two blows of between 300,000 to 600,000 tonnes in aggregate, which is up to a three-fold increase in the volume following the modelling of the first blow. 

 

Sample processing results from our May 2021 programme is expected to be available by the end of July, which will determine geological and grade continuity. The Company's expectation based on the historical grade of Thorny River / Marsfontain dykes is 60 carats per hundred tonnes (cpht). Immediately following this, we plan to drill the potential mineralisation between the two kimberlite blows to test our belief that the two blows potentially join. This will also refine our estimate of volumes.

 

John Teeling, chairman commented: "The revised model, potentially tripling the estimate of contained kimberlite, is very positive.  The extension of the blow eastwards toward the blow discovered in earlier drilling offers the tantalising prospect of joining the two into one orebody. We expect to drill the area between the two blows in August.  These are significant steps towards potentially discovering a commercial diamond orebody."

 

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. 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.

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

 

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

 

+353 1 833 2833

+27 83 457 3724

+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
Megan Ray
Rachael Brooks

Said Izagaren

Naomi Holmes

 

+44 (0) 207 138 3206

+44 (0) 207 138 3553

+44 (0) 207 138 3206

+44 (0) 207 138 3206

+44 (0) 207 138 3206

Teneo

Luke Hogg

Alan Tyrrell

Ciara Wylie

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

www.botswanadiamonds.co.uk

 

ENDS

 

 

 

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