Botswana Diamonds PLC Thick kimberlite intersections on Thorny River (3633M)
21 Setembro 2021 - 2:59AM
UK Regulatory
TIDMBOD
RNS Number : 3633M
Botswana Diamonds PLC
21 September 2021
21(st) September 2021
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Thick kimberlite intersections on Thorny River
Highlights
- Positive new drill results join together the two "blows" discovered in earlier drilling
- Extensive kimberlite zones of 19.1m and 13.5m in two holes
drilled into the River Blow from the north
- The size of the combined blows is being analysed and estimated
- Potential commercial mining options are being evaluated
Botswana Diamonds ('BOD'), has successfully completed its nine
hole drilling programme on the Thorny River property in South
Africa.
The objective was to see if two kimberlite blows (the River and
River Extension blows were one contiguous orebody, thus increasing
the overall resource and improving the commercial prospects of the
project.
Nine percussion holes totalling 483 metres, were drilled. One
hole intersected 19.1 metres of kimberlite zone, which is
encouragingly the biggest thickness found in all three drilling
programmes to date. Another hole intersected a thickness of 13.5m
of kimberlite zone. These two intersections came from extending the
River Blow toward the Extension Blow. The average kimberlite zone
intersection was between 1.5 and 5 metres.
Work has now begun to create a model of the combined blows to
estimate the potential resource with plans for a possible open cast
mining.
Two new additional targets have been identified close to the
current area. These could also be blows, thus increasing resources.
They will be drilled.
John Teeling, Chairman, commented, "This is an excellent set of
results. The two blows are, as we hoped, connected - thus
increasing the resource. The two thickest intersections close to
the River Blow are particularly exciting. Given these results, we
are now examining commercial mine alternatives".
The pers on who arranged the release of this announcement on
behalf of the Company was James Campbell.
A copy of this announcement is available on the Company's
website, at www.botswanadiamonds.co.uk
Enquiries:
Botswana Diamonds PLC
John Teeling, Chairman +353 1 833 2833
James Campbell, Managing Director +27 83 457 3724
Jim Finn, Director +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
Blytheweigh - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Rachael Brooks +44 (0) 207 138 3206
Said Izagaren +44 (0) 207 138 3206
Naomi Holmes +44 (0) 207 138 3206
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ciara Wylie +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
ENDS
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September 21, 2021 01:59 ET (05:59 GMT)
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