Botswana Diamonds PLC Drilling commences on Thorny River (2782K)
September 01 2021 - 2:00AM
UK Regulatory
TIDMBOD
RNS Number : 2782K
Botswana Diamonds PLC
01 September 2021
1(st) September 2021
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Drilling commences on Thorny River
Eight-hole drilling programme between the two recently
discovered blows
Botswana Diamonds ('BOD'), the AIM and BSE listed diamond
explorer, is pleased to announce that drilling has commenced on its
Thorny River project in South Africa.
A total of eight reverse circulation drill holes are planned to
drill in-between the recently discovered River and River Extension
blows. The drilling programme is expected to take no more than two
weeks.
The River Blow was discovered by the company in November 2020
and covered a modelled surface area of 80x40m. The River Extension
blow which is less than 100m east of the River Blow was discovered
by the company in April 2021. Select drill samples from both
drilling campaigns were treated at an independent laboratory where
abundant kimberlitic indicators were recovered along with eleven
diamonds.
For context, the discoveries at Thorny River are within the
Zebediela kimberlite field. This field chiefly consists of a series
of consistently diamondiferous kimberlite dykes with a strike
length of 20-km. On this dyke, there are number of blows being
Kudu, Sugarbird, Sugarbird Pass (all part of the Klipspringer
diamond mine) and Marsfontein. The four blows have been mined-out,
with the latter being mined by a De Beers / SouthernEra joint
venture with a payback of three and a half days. Marsfontein is 3.5
km west and on strike from the Company's discoveries.
The objective of the exploration programme in the Thorny River
project area is to discover additional blows and the objective of
this specific drilling programme is to determine the extent of the
connection between the two recently discovered blows.
John Teeling, Chairman, commented, "This is an important step in
our drive to establish a commercial diamond orebody at Thorny
River. We are very hopeful that these eight holes will confirm that
the two blows, River and River extension are in fact one
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 pers on who arranged the release of this announcement on
behalf of the Company was James Campbell.
A copy of this announcement is available on the Company's
website, at www.botswanadiamonds.co.uk
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
ENDS
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