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Kimberlite Discovered on Vutomi Licence

14 Jul 2017 07:00

RNS Number : 0330L
Botswana Diamonds PLC
14 July 2017
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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:

Β· 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

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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