Last checked at 4 May 2022 07:00
4th May 2022
Botswana Diamonds PLC
("Botswana Diamonds", "BOD" or the "Company")
Discovery of largest anomaly to date on Thorny River
Botswana Diamonds, the London AIM and BSE listed diamond explorer, is pleased to announce the results of its ground geophysics survey on its Thorny River property ("the Property") in South Africa.
Highlights
· Discovery of the largest anomaly to date on Thorny River consistent with a kimberlite pipe of 25m in diameter.
· Drilling planned for July - August 2022.
Chairman, John Teeling commented: "The discovery of our largest anomaly to date is an important development for Thorny River as this could add significant additional kimberlite tonnage to the developing mine plan".
Detail
As a result of a thorough assessment of historical data, five targets were selected for detailed ground geophysics using gravity and electrical resistivity tomography ('ERT') and reviewed by independent consultant, GeoFocus (Pty) Ltd of South Africa All targets produced results consistent with kimberlite with three of the targets being within 200m of the River Blow. The largest target is a circular anomaly consistent with a kimberlite pipe of up to 25m in diameter. This is the largest anomaly encountered during the Company's work on the property to date. A detailed drilling programme is planned for the South African dry season which is July - August 2022.
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Qualified Person
This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining and Metallurgy, the Institute of Materials, Metals and Mining (UK) and the Geological Society of South Africa and who has over 35-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. 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
Enquiries:
Botswana Diamonds PLC John Teeling, Chairman James Campbell, Managing Director Jim Finn, Director |
+353 1 833 2833 +27 83 457 3724 +353 1 833 2833 |
Beaumont Cornish - Nominated Adviser Michael Cornish Roland Cornish | +44 (0) 020 7628 3396 |
Beaumont Cornish Limited - Broker Roland Cornish Felicity Geidt | +44 (0) 207 628 3396 |
First Equity Limited - Joint Broker Jason Robertson
| +44 (0) 207 374 2212 |
BlytheRay - PRMegan RayRachael Brooks Said Izagaren Naomi Holmes | +44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3206 +44 (0) 207 138 3206 +44 (0) 207 138 3206 |
Teneo Luke Hogg Alan Tyrrell Ciara Wylie |
+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055 |
www.botswanadiamonds.co.uk
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.
ENDS