(Alliance News) - Botswana Diamonds PLC on Wednesday said it has discovered a kimberlite pipe, otherwise known as a "blow", that covers a target area of 0.4 hectares on its Thorny River project in South Africa during its recent drilling programme.
The Irish diamond exploration company drilled a total six holes in the Thorny River area and found a combined total of 39.5 metres intersected kimberlite, while an additional 55 metres intersected a weathered kimberlite breccia. Botswana Diamonds said the best hole contained a 45 degrees dip intersection of kimberlite and kimberlite breccia of 19 metres and that both kimberlite and kimberlite breccia are being analysed for diamonds and indicators.
Chair John Teeling said: "This is very significant as the nearby 0.4 hectares Marsfontein and 0.5 hectares Sugarbird blows were extremely profitable diamond-producing operations. We are moving forward with a programme to define the extent of this new resource particularly as the diamond grades are known to be consistent across the whole area."
Shares in Botswana Diamonds were up 6.9% at 0.86 pence in London on Wednesday.
By Zoe Wickens; zoewickens@alliancenews.com
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Botswana Diam (BOD)