Botswana Diamonds PLC Drilling on Thorny River & Marsfontein Concessions (6581C)
February 11 2020 - 7:13AM
UK Regulatory
TIDMBOD
RNS Number : 6581C
Botswana Diamonds PLC
11 February 2020
11(th) February 2020
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Drilling on Thorny River and Marsfontein Concessions
Botswana Diamonds ("BOD"), the AIM and BSE listed diamond
explorer, is pleased to announce that drilling will start this week
on targets identified on the Thorny River licence, followed
immediately by drilling the high potential M8 dyke on the historic
Marsfontein concession. The first phase will include 6 percussion
holes on Thorny River and 3 on Marsfontein.
The targets on Thorny River are potentially new kimberlites,
while the drilling on M8 is to assess the size of the proven
kimberlite. A second phase of drilling will follow immediately if
discoveries are confirmed.
The Thorny River targets were selected after detailed field work
by UK based Subterrane Ltd, a leading firm in new techniques
integrating geophysical data and structural geology with data
collected from extensive field mapping and Botswana Diamonds'
geophysical database. These drill ready targets include buried or
obscured kimberlite pipes. The analogue is the iconic Marsfontein
diamond mine which was partially obscured by a dolerite dyke.
M8 drilling will establish potential as a high grade "blow".
Botswana Diamonds believes that M8 has unexplored potential.
This release has been approved by James Campbell, Managing
Director of Botswana Diamonds plc, a qualified geologist
(Pr.Sci.Nat), 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 34-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
Novum Securities Limited - Joint Broker
Colin Rowbury +44 (0) 20 399 9400
Blytheweigh - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Madeleine Gordon-Foxwell +44 (0) 207 138 3208
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Thomas Shortall +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
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END
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February 11, 2020 08:13 ET (13:13 GMT)
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