Botswana Diamonds PLC Update on New Kimberlite Discovery (1456S)
September 29 2017 - 1:00AM
UK Regulatory
TIDMBOD
RNS Number : 1456S
Botswana Diamonds PLC
29 September 2017
29(th) September 2017
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Update on New Kimberlite Discovery
The board of Botswana Diamonds (AIM: BOD) are pleased to provide
an update on Ontevreden, the new kimberlite discovery. The
Ontevreden project is part of the Company's Vutomi Joint Venture in
South Africa.
Highlights:
-- Sampling at the newly discovered Ontevreden kimberlite finds
abundant G10, G9 and eclogitic garnets typically seen in high-grade
kimberlite pipes; and
-- Drilling to follow later in the year.
Ontevreden
Having discovered a kimberlite pipe at Ontevreden, the next step
was to ascertain if it was diamondiferous. Samples from the pipe
were analysed at the University of Johannesburg and produced
abundant G10 and G9 garnets with a complimentary suite of eclogitic
garnets. This mix of garnets is typically seen in a high-grade
kimberlite pipes. This work follows detailed ground geophysics
which identified a minimum size of 100mx70m and whole rock
geochemistry which characterised Ontevreden as a Group 2
kimberlite. The next step is to drill the kimberlite and this is
planned for later in the year.
The Ontevreden kimberlite pipe is close to Petra Diamonds' Helam
Mine, which has grades in excess of 500cpht and a diamond value of
US$255/ct at a +1mm bottom cut off.
John Teeling, Chairman, commented, "The exciting new kimberlite
discovery at Ontevreden continues to entice. Samples from the
surface contain significant quantities of G10 and G9 garnets - high
quality diamond indicator minerals frequently found at high-grade
kimberlite pipes."
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)
Blytheweigh +44 (0) 207 138 3204
Camilla Horsfall +44 (0) 781 784 1793
Nick Elwes +44 (0) 783 185 1855
Teneo PSG
Luke Hogg +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
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