TIDMBOD

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          +353 1 833 2833 
 James Campbell, Managing 
  Director                       +27 83 457 3724 
 Jim Finn, Director 
 Northland Capital Partners 
  Limited 
 David Hignell/Gerry Beaney 
  (Corporate Finance)            +44 (0) 203 861 6625 
 John Howes (Broking) 
 Dowgate Capital Stockbrokers 
  Limited 
 Jason Robertson                 +44 (0) 203 903 7725 
 Blytheweigh                     +44 (0) 207 138 3204 
 Camilla Horsfall                +44 (0) 781 784 1793 
 Nick Elwes                      +44 (0) 783 185 1855 
 Teneo PSG 
 Ciaran Flynn                    +353 (0) 1 661 4055 
 Alan Tyrrell                    +353 (0) 1 661 4055

www.botswanadiamonds.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDBSGDRRBBBGRX

(END) Dow Jones Newswires

July 14, 2017 02:00 ET (06:00 GMT)

Botswana Diamonds (LSE:BOD)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Botswana Diamonds Charts.
Botswana Diamonds (LSE:BOD)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Botswana Diamonds Charts.