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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:9750S African Diamonds PLC 08 December 2003 8th December 2003 AFRICAN DIAMONDS DRILLING IDENTIFYS ANCIENT RIVER SYSTEM AND IS AWARD ADDITIONAL PROSPECTING LICENCE IN ORAPA REGION Serowe Alluvial Drilling African Diamonds has completed a 38 hole drilling programme along 6 geophysical lines on their Serowe licence some 100 kms South East of the Orapa diamond field. Preliminary results indicate that the anomalies identified are indeed part of an ancient river system that may have drained Orapa. Further detailed analysis of the recovered samples is underway seeking traces of gravels that could be traced back to Orapa. Orapa Kimberlite Drilling Preliminary results are available from the first four of nineteen drill holes, accounting for 40 tons out of 170 tones of chip samples on BK10, AK8, AK 9, and AK12 kimberlite pipes on the Orapa prospecting licence 4/2002. The first stage of diamond recovery involves processing the material through a 1 tonne per hour jig plant in the field to concentrate heavy minerals, including diamond. The heavy mineral concentrate will then be shipped to a facility in South Africa for final diamond recovery using an X-ray sortex. New Orapa Licence African Diamonds has been awarded an additional prospecting licence over highly prospective ground in the Orapa diamond field. Prospecting licence 7/2004 covers 999 sq kms and is contiguous with the northern and eastern boundaries of the Orapa mine and completely surrounds the new Damtshaa mine both which are being mined by Debswana, the De Beers and Botswana government joint venture. John Teeling chairman commented, "The discovery of ancient river channels under the Kalahari sands is a vital step toward the discovery of the Orapa alluvials. We will follow up these results with an analysis of the recovered drill material. We believe that the Orapa kimberlites will be viable to mine at 10 cpht or 1/15 of an oz per 100 tons. So far we have processed 25 tons out of 170 tones of drill material. All of the indicators are present. The full analysis will take a further 6 weeks. The follow up steps are to drill additional kimberlites on the licence and / or to take a 5000 bulk sample most probably from BK10. The award of the new licence in the Orapa area is wonderful news. It is another step toward our goal of having a significant presence in one of the greatest diamond provinces on earth. I hope to be able to respond within weeks on our plans for the licence." Contacts: African Diamonds Plc John Teeling Tel: +353 87 2581178 Leon Daniels Tel: +267 24 40252 Redleaf Communications Nick Lambert Tel: +44 (0) 7811 358 764 Rowan Dartington & Co. Limited Barrie Newton Tel: +44 (0) 117 933 0011 www.afdiamonds.com This information is provided by RNS The company news service from the London Stock Exchange END DRLBVLFBXLBZFBK
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