14 Jul 2017 07:00
14th July 2017
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Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
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Kimberlite Discovered on Vutomi Licence
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Highlight:
· Kimberlite pipe identified on Ontevreden Licence
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Botswana Diamonds (BOD) the AIM and BSE listed explorer is pleased to announce that prospecting work on the Ontevreden licence held by Vutomi has identified a group 2 kimberlite pipe. Initial work indicates a size of 1.5 to 2.5 hectares in area containing high interest garnets. Detailed drilling of the area will follow to confirm the size and whether it contains commercial diamonds.
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Ontevreden is close to the Petra Diamonds Helam diamond mine in North West South Africa some 400 km from Frischgewaagt (FGT) in a separate kimberlite cluster. Helam has a grade of 85 carats per hundred tonne (cpht).
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John Teeling, Chairman, commented, "This is excellent news. A new kimberlite discovery in an area where high grade kimberlites are being mined offers exciting prospects for the Company. I look forward to providing shareholders with further updates as appropriate."
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This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the South African Institute of Mining and Metallurgy, a Fellow of Materials, Metals and Mining with over 31-years' experience in the diamond sector.
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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ENDS
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Enquiries:
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Botswana Diamonds PLC | |
John Teeling, Chairman | +353 1 833 2833 |
James Campbell, Managing Director | +27 83 457 3724 |
Jim Finn, Director | |
Northland Capital Partners Limited | |
David Hignell/Gerry Beaney (Corporate Finance) | +44 (0) 203 861 6625 |
John Howes (Broking) | |
Dowgate Capital Stockbrokers Limited | |
Jason Robertson | +44 (0) 203 903 7725 |
Blytheweigh | +44 (0) 207 138 3204 |
Camilla Horsfall | +44 (0) 781 784 1793 |
Nick Elwes | +44 (0) 783 185 1855 |
Teneo PSG | |
Ciaran Flynn | +353 (0) 1 661 4055 |
Alan Tyrrell | +353 (0) 1 661 4055 |
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www.botswanadiamonds.co.uk
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