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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Botswana Diamond PLC | AQSE:BOD.GB | Aquis Stock Exchange | Ordinary Share | GB00B5TFC825 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.30 | 0.45 | 0.375 | 0.375 | 0.375 | 0.00 | 06:56:57 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBOD
RNS Number : 6581C
Botswana Diamonds PLC
11 February 2020
11(th) February 2020
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Drilling on Thorny River and Marsfontein Concessions
Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer, is pleased to announce that drilling will start this week on targets identified on the Thorny River licence, followed immediately by drilling the high potential M8 dyke on the historic Marsfontein concession. The first phase will include 6 percussion holes on Thorny River and 3 on Marsfontein.
The targets on Thorny River are potentially new kimberlites, while the drilling on M8 is to assess the size of the proven kimberlite. A second phase of drilling will follow immediately if discoveries are confirmed.
The Thorny River targets were selected after detailed field work by UK based Subterrane Ltd, a leading firm in new techniques integrating geophysical data and structural geology with data collected from extensive field mapping and Botswana Diamonds' geophysical database. These drill ready targets include buried or obscured kimberlite pipes. The analogue is the iconic Marsfontein diamond mine which was partially obscured by a dolerite dyke.
M8 drilling will establish potential as a high grade "blow". Botswana Diamonds believes that M8 has unexplored potential.
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, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 34-years' experience in the diamond sector.
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
ENDS
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 Novum Securities Limited - Joint Broker Colin Rowbury +44 (0) 20 399 9400 Blytheweigh - PR +44 (0) 207 138 3206 Megan Ray +44 (0) 207 138 3553 Madeleine Gordon-Foxwell +44 (0) 207 138 3208 Teneo Luke Hogg +353 (0) 1 661 4055 Alan Tyrrell +353 (0) 1 661 4055 Thomas Shortall +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
February 11, 2020 08:13 ET (13:13 GMT)
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