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11 Sep 2015 07:00
11th September 2015
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Exploration Update
· Botswana Diamonds/Alrosa Joint Venture exploration team now working in Orapa
· Drilling starting on PL 210 and will finish by the end of September
· Work on the new Gope Prospecting Licences will follow
A 7-person Russian team of geologists and mineralogists has arrived in Botswana and work is now underway on Prospecting Licences PL206, PL 085 and PL210.
On PL 206, heavy concentrate sampling is now underway in the north-eastern area of the block.
On PL 085, reconnaissance work is now underway, which will be followed by heavy concentrate sampling to evaluate kimberlite indicator minerals and their proximity from potential primary sources.
Drilling will commence imminently on anomaly, AN210-1, which is on licence PL 210. The drilling will be completed by the end of September. The target is an anomaly of good indicator minerals with coincident magnetic and electromagnetic signatures. Three boreholes to a depth of 110m each will be drilled. Following this, the core samples will be analysed for the presence of kimberlite. An immediate visual inspection by the on-site Alrosa mineralogists will be followed by in-depth laboratory analysis of the cores at the Alrosa in-house facility in St Petersburg, Russia.
Following this, the team will move to our licences (PL 135, PL 136 and PL 137) in the Gope region. On these small licence areas, measuring 46 sq. km, 48 sq. km and 3.3 sq. km respectively, exploration will commence with verification sampling using small-grid geophysics and magnetic geochemistry. The objective is to define potential new drill targets.
John Teeling, Executive Chairman, comments, "Drilling anomaly AN 210-1 in the next few weeks will show us if there is a kimberlite on PL210. Visual results from the drilling will be forthcoming in October. On top of this we expect new drill targets to be identified on our other ground, both in Orapa and Gope."
This release has been approved by Benjamin Mosigi, MSc (Mineral Exploration and Mining Geology), who is a member of the Geological Society of South Africa.
Enquiries:
Botswana Diamonds PLC | |
John Teeling, Chairman | +353 1 833 2833 |
Jim Finn, Director | |
Northland Capital Partners Limited | |
David Hignell/Gerry Beaney | +44 (0) 20 7382 1100 |
John Howes/Mark Treharne (Broking) | |
Dowgate Capital Stockbrokers Limited | |
Jason Robertson | +44 (0) 129 351 7744 |
Blytheweigh | +44 (0) 20 7138 3204 |
Camilla Horsfall | |
PSG Plus | |
Aoife Ross | +353 (0) 1 661 4055 |
Alan Tyrrell | +353 (0) 1 661 4055 |
www.botswanadiamonds.co.uk
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