Botswana Diamonds PLC Kalahari Desert Exploration Update (2876U)

TIDMBOD

RNS Number : 2876U

Botswana Diamonds PLC

11 July 2018

11 July 2018

Botswana Diamonds PLC

("Botswana Diamonds", "BOD" or the "Company")

Kalahari Desert Exploration Update

Botswana Diamonds (AIM: BOD) is pleased to provide an update on the Company's Sunland Minerals exploration projects in Botswana. Sunland Minerals is a JV with Alrosa and BOD is the operator.

Headlines:

-- All 8 anomalies sampled in the Kalahari reported good (KIMs), kimberlitic indicator minerals.

   --        The grains include fresh chrome diopsides and olivines suggesting a local source. 

Mineral sampling over the 8 previously discovered and announced high contrast geophysical anomalies in the Gope Region of the Kalahari Desert is completed. A total of 267 kimberlitic indicator minerals ("KIMs") were discovered. All 8 anomalies had KIMs. The KIMs included 41 garnets, 13 chromites, 139 ilmenites, 4 chrome diopsides and 70 olivines. An analysis of the grains by Remote Exploration Services of Cape Town concluded that the sources were likely to be local due to the abundance, size and fresh surface textures of the KIMs. The next step, currently in process, is to prove the mineral chemistry of the grains to determine the diamond bearing potential.

Kimberlitic indicators from the mineral sampling are presented in Figure 1 below:

Figure 1

http://www.rns-pdf.londonstockexchange.com/rns/2876U_1-2018-7-11.pdf

John Teeling, Chairman, commented: "The first Sunland exploration programme undertaken by BOD geologists has been successful. Sunland is a joint venture with Alrosa with BOD becoming operators in early 2018. 8 anomalies were sampled and encouraging quantities of KIMs were found in all 8. We are pleased by this rare occurrence for three reasons. Firstly, the abundance of a variety of kimberlitic minerals; secondly, the presence of olivines and chrome diopsides which are minerals which do not travel far in the weathering environment and finally the surface texture work indicates a local source. Our next step forward is to analyse the diamond bearing capacity before we proceed to plan for a drilling campaign. I look forward to providing our shareholders with further updates in due course".

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 the Institute of Materials, Minerals and Mining with over 32-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                [phone] 
 James Campbell, Managing Director     [phone] 
 Jim Finn, Director 
 Northland Capital Partners Limited 
 David Hignell/Dugald J Carlean 
  (Corporate Finance)                  [phone] 
 John Howes (Broking) 
 SVS Securities Plc                    [phone] 
 Tom Curran 
 Ben Tadd 
 Blytheweigh                           [phone] 
 Tim Blythe                            [phone] 
 Simon Woods                           [phone] 
 Teneo PSG 
 Luke Hogg                             [phone] 
 Alan Tyrrell                          [phone] 
 

www.botswanadiamonds.co.uk

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END

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July 11, 2018 04:20 ET (08:20 GMT)