Share Name Share Symbol Market Type Share ISIN Share Description
Botswana Diamond LSE:BOD London Ordinary Share GB00B5TFC825 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -2.86% 1.70p 1.60p 1.80p 1.75p 1.70p 1.75p 80,000 12:13:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.3 -0.1 - 6.45

Botswana Diamonds PLC New Licence Acquired on the Vutomi Joint Venture

17/07/2017 9:39am

UK Regulatory (RNS & others)


Botswana Diamond (LSE:BOD)
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RNS Number : 2311L

Botswana Diamonds PLC

17 July 2017

17(th) July 2017

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

-- Vutomi licenses extended into additional area of mineralisation adjacent to Frischgewaagt (FGT)

Botswana Diamonds (BOD), the AIM and BSE listed explorer, is pleased to announce that the company has been granted a Prospecting Licence over an additional 1,000 hectares immediately east of and contiguous to Frischgewaagt. Geophysics studies undertaken by Botswana Diamonds in the area indicate that the kimberlite dyke/pipe system being studied extends into the adjacent property. The combined area of the two properties covers over 2,700 hectares.

John Teeling, Chairman, commented, "Geology does not follow licence boundaries. One of the first things you do if you have promising exploration results is to secure adjacent ground. Initial results are encouraging, but we do not yet know where the richest mineralisation will be confirmed. Work so far strongly indicates that the system containing diamonds extends eastwards, adjacent to our Frischgewaagt property. We believe that the diamond-bearing dyke stretches at least 10 km. We sought and obtained a prospecting licence over this promising ground as a matter of urgency. The drilling programme starting in weeks will be extended into this area."

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

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July 17, 2017 04:39 ET (08:39 GMT)

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