Botswana Diam Regulatory News (BOD)

18th November 2020

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Drilling commences on Thorny River and Marsfontein

Botswana Diamonds ('BOD'), the AIM and BSE listed diamond explorer, is pleased to announce that drilling has commenced on its Thorny River and Marsfontein project areas in South Africa.

The multi-hole drilling programme has commenced on four target areas identified as high interest in the recent detailed ground geophysics survey. These target areas include a potential kimberlite "blow" of up to 0.25Ha in extent, and other expansions in the widths (or "swells") of the dyke system of up to 10m (as opposed to the average 1m).

The most widely known blow in the project area is Marsfontein, which was 0.4Ha. Marsfontein was mined by De Beers and SouthernEra and it achieved a return of development capital in under four days. The dyke system, which extends for 18km over Thorny River from Klipspringer Mine in the west through Marsfontein to Doornrivier in the east, has been demonstrated as having consistent geology and economics. The ground geophysics and drilling programmes are focused on identifying kimberlite volumes to support further development of the property.

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Member of the Geological Society of South Africa, a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 35-years' experience in the diamond sector. 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

ENDS

Enquiries:

www.botswanadiamonds.co.uk