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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ansar Financial and Development Corporation | CSE:AFD | CSE | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.41 | 0.03 | 1.00 | 0 | 00:00:00 |
RNS Number:7238P African Diamonds PLC 15 September 2003 African Diamonds PLC Exploration Update Drilling starts at Orapa Kimberlite Project, Botswana African Diamonds, the AIM listed diamond exploration and production company with assets in Botswana, Sierra Leone and Guinea, announces the start of drilling at its Orapa Kimberlite Project, Botswana. During September 2003 seven kimberlite pipes close to the world class De Beers Orapa and Lethlakane diamond mines, will be drilled. Orapa is the second largest diamond mine in the world. It produces over 14 million carats in 2002; Lethlakane, some 40kms away is the fourth largest producing over 1 million carats in 2002. Both mines produce gemstone quality diamonds. Key Points - The AK12 kimberlite, currently being drilled, immediately borders the Orapa Mine. - De Beers discovered many of the kimberlites during the late 1960's. Recent intensive exploration discovered additional pipes. - The kimberlites vary in size from 3 to 0.5 hectares and outcrop surface. We believe they are all diamond-bearing. - Ground geophysical surveys suggest that some of the kimberlites may be bigger than reported by De Beers. The samples will be processed through an on-site separation plant. Concentrates will be sorted for diamonds after processing through a dense liquid separation process. Heavy mineral concentrates from the individual kimberlites will be analysed by an independent laboratory. All processing will be done and results announced by the end of November. Commenting on the drilling programme, African Diamonds Chairman John Teeling said: "We have built up a world-class portfolio of diamond-bearing African assets. Our objective is to have a gemstone mine producing within three years. This drilling programme is an important step towards achieving that objective. I am confident of a positive outcome." Notes: Interest in Project African Diamonds plc holds a 100% interest in the project through its subsidiary Kukama Mining and Exploration (Pty) Limited, a company registered in the Republic of Botswana. Kimberlite Kimberlite is a volcanic rock formed at great depths within the Earth which contains a variety of minerals and traceable at the surface in pipes. It is the principal source of diamonds. Contacts: John Teeling: +353 87 2581178 Leon Daniels: +278 2339 6611 This information is provided by RNS The company news service from the London Stock Exchange END DRLELLFFXKBBBBB
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