Share Name Share Symbol Market Type Share ISIN Share Description
Botswana Diamonds Plc 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
  0.075 13.64% 0.625 0.55 0.70 0.65 0.55 0.55 2,871,974 16:28:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.8 -0.1 - 4

Botswana Diamonds PLC Drilling on Thorny River & Marsfontein Concessions

11/02/2020 1:13pm

UK Regulatory (RNS & others)


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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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February 11, 2020 08:13 ET (13:13 GMT)

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