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Pin to quick picksBotswana Diam Regulatory News (BOD)

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Kimberlite Discovered on Vutomi Licence

14 Jul 2017 07:00

RNS Number : 0330L
Botswana Diamonds PLC
14 July 2017
 

14th July 2017

 

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Kimberlite Discovered on Vutomi Licence

 

Highlight:

· Kimberlite pipe identified on Ontevreden Licence

 

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.

 

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).

 

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."

 

 

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.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

ENDS

 

Enquiries:

 

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

 

www.botswanadiamonds.co.uk

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