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(Sharecast News) - Botswana Diamonds announced on Thursday that a further drilling programme on its Thorny River diamond prospect in South Africa's Limpopo province would begin on 19 April.
The AIM-traded firm said that following the discovery of the River kimberlite pipe, including 11 diamonds, it had upgraded the potential of the property.
"An area with a similar geological and geophysical footprint immediately to the east of the River Pipe was identified," the board said in its statement.
"Analysis suggests potential for a larger kimberlite body than already identified."
It explained that, following completion of earth works, a six-hole reverse circulation programme would start on 19 April.
"The programme is expected to take two weeks, with the results announced shortly thereafter."
At 1045 BST, shares in Botswana Diamonds were up 3.03% at 0.85p.
18 Jul 2022 12:31
IN BRIEF: Botswana Diamonds starts drilling at Thorny River
Botswana Diamonds PLC - London-based exploration & project development company focused on Botswana and South Africa - Starts drilling on high-grade anomalies on Thorny River in the Limpopo province of South Africa. Plans a minimum of ten reverse circulation drill holes at four high-grade gravity anomalies, as well as one highly prospective target identified by research firm Subterrane Ltd. Says the goal of the drilling programme is to discover additional "blows" on the property in order to expand the resource. This will pave the way for a future mining license or permit application. Expects the drilling to take around two weeks.
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