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Botswana Diamonds updates on its exploration campaign

Fri, 09th Sep 2016 13:21

(ShareCast News) - Botswana Diamonds updated the market on its ongoing diamond exploration campaign in Botswana on Friday.The AIM-traded firm said the campaign is part of the 50/50 joint venture between Botswana Diamonds and Alrosa, the world's leading diamond producer.It said next stage exploration will begin on the Alrosa/Botswana Diamond Joint Venture at the end of September in the Orapa and Gope areas of Botswana.Four core holes will be drilled in Gope on PL 135, two core holes will be drilled on kimberlite AK22 on PL 260 in Orapa, and two core holes will be drilled on PL085 in Orapa.An intensive programme of geophysics and soil sampling will be carried out on the four other licences held in Gope, and an Alrosa team of seven specialists will be joined by Botswana Diamonds geologists and support crew.Botswana Diamonds said the final results are still awaited from the analysis of the 80 tons of material recovered from the two Large Diameter Drillholes on kimberlite AK21 on licence PL 260 in Orapa.Delays in finding a company in South Africa capable of concluding the work were compounded by an inconclusive result, the board explained.Concentrate is being returned to Botswana for evaluation by Alrosa specialists, it reported, and core which came from earlier boreholes on AK 21 is being sent to a laboratory for caustic fusion analysis."The Alrosa/Botswana Diamonds Joint Venture will shortly begin an intensive twelve week exploration programme on our ground in Botswana," said chairman John Teeling."Core holes will be drilled on three licences, two on the known kimberlite AK22 in Orapa, two on licence PL 085 also in Orapa and four on licence PL 135 in Gope."Earlier work has pinpointed sites we believe may contain new diamondiferous kimberlites."Teeling said the company had expected to have the results from a bulk sample of 80 tons of materials on an adjacent pipe AK 21 but lack of processing capacity in Botswana and issues with a facility in South Africa have to date produced inconclusive results."We are having to re-examine the concentrate as well as analyse fresh core from earlier drillings."We will also run electromagnetic and Transient Electromagnetic studies and soil sampling programmes across 6 licences," Teeling explained."Initial results are expected by year end. We are funded for this phase of exploration."
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23 Jan 2019 15:38

Botswana Diamonds raises fresh £0.37m in placing

(Sharecast News) - Botswana Diamonds announced on Wednesday that it has undertaken a placing with existing and new investors to raise £0.37m via the issue of 67,272,727 new ordinary shares at a price of 0.55p each.

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23 Jan 2019 10:40

Botswana Diamonds To Raise GBP370,000 In Share Placing (ALLISS)

LONDON (Alliance News) - Botswana Diamonds PLC on Wednesday said it is planning to raise GBP370,000 via a share issue to fund its exploration activities in Botswana and South Africa.The at

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19 Nov 2018 12:52

Botswana Diamonds Annual Loss Widens On Challenges At Sunland Minerals

LONDON (Alliance News) - Botswana Diamonds PLC on Monday said its loss widened in its most recently ended financial year due to challenges in its namesake country.The stock was down 5.5% on

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19 Nov 2018 12:05

Exploration 'out of favour' says Botswana Diamonds as losses widen

(Sharecast News) - Botswana Diamonds is struggling to attract investors, the precious minerals explorer said on Monday, depressing both its share price and its ability to raise funds.

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7 Nov 2018 11:37

Botswana Diamonds Inks Contract With Palaeo For South Africa Mining

LONDON (Alliance News) - Botswana Diamonds PLC said Wednesday it signed a contract with Palaeo Minerals Pty Ltd covering full-scale mining activity at its Thorny River project in South contract to

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4 Oct 2018 12:10

Botswana Diamonds concludes deal with fellow miner Vast, shares jump

(Sharecast News) - Shares in Botswana Diamonds shone on Thursday after the Aim-listed explorer finalised a development deal with fellow miner Vast Resources.

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25 Sep 2018 16:49

Botswana Diamonds Says Free State Kimberlites Produced Diamonds

LONDON (Alliance News) - Botswana Diamonds PLC on Tuesday said a number of the rediscovered kimberlites at its Free State project in South Africa were diamond producers.Testing has the of a

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25 Sep 2018 14:00

Botswana Diamonds To Start Drilling Programme For Free State Project

LONDON (Alliance News) - Botswana Diamonds PLC said on Tuesday that following historical research work on the Free State project in South Africa, it has conducted rock sampling and geochemistry to

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23 Aug 2018 11:23

Vast Resources awarded exclusive access to Tanzanian diamond concession

(Sharecast News) - AIM-listed explorer Botswana Diamonds revealed that Vast Resources, with which it has signed a memorandum of understanding to develop diamond resources in Zimbabwe, has been awarded exclusive access to a diamond concession in the African nation's Chiadzwa region.

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31 Jul 2018 12:49

Botswana Diamonds Shares Up As It Gets Good Results From Free State

LONDON (Alliance News) - Botswana Diamonds PLC said on Tuesday results from kimberlite recovered from its Free State project have showed "high abundances" of diamond-indicating were 13%

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21 Mar 2018 13:35

Botswana Diamonds Loss Widens After Busy First Half

LONDON (Alliance News) - Botswana Diamonds PLC on Wednesday posted a widened pretax loss for its first half in what was a "very busy" six months.The pretax to

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6 Feb 2017 12:13

Botswana Diamonds agrees to buy most of Vutomi

(ShareCast News) - Botswana Diamonds announced on Monday that it has entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties 12 - collectively known as Vutomi - a private diamond exploration and development firm in South Africa. The AIM-traded firm described it as "a

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1 Dec 2016 10:49

Botswana Diamonds Appoints James Campbell As Managing Director

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18 Nov 2016 10:37

Botswana Diamonds narrows loss with chairman hungry for development

(ShareCast News) - Botswana Diamonds posted its preliminary results for the year to 30 June on Friday - another year of nil revenue, though it did manage to narrow its losses. The AIM-traded company reported an operating loss of £0.3m, compared to £0.34m last year, and a loss before tax of £0.3m, al

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15 Nov 2016 11:25

Botswana Diamonds Says Second Diamond Identified From PL 260 Samples

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