Last checked at 
Botswana Diamonds PLC - Botswana and South Africa-focused diamond explorer - Completes gravity survey over four high-grade geophysical targets near a kimberlite pipe in Botswana. At least one of the four targets, which is located six kilometres south of the existing KX36 diamond discovery, has an "excellent" gravity response, it says. The survey on the KX36 size anomaly is being repeated and correlated with previous results for confirmation. Adds that the next step is to begin drilling. "The new kimberlites targets have great potential to upgrade the existing resources in the area, including at the Ghaghoo mine, which is currently under care and maintenance and only 60 km away from the KX36 project," says Botswana Diamonds.
Chair John Teeling says: "This is the first strong indication of additional kimberlites around the KX36 discovery. Kimberlites come in clusters, but extensive exploration has to date not been successful. The anomaly has a strong gravity signature which gives us confidence that when drilled, it will prove to be a kimberlite. The anomaly sits on a structure like all the other kimberlites in the Kalahari, which further increases confidence. It is early days but very good news".
Current stock price: 0.44 pence, down 0.2%
12-month change: down 50%
By Sabrina Penty, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.