07th October 2015
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Exploration Update on Licence PL 210 Drilling in Orapa
The directors of Botswana Diamonds (AIM: BOD) are pleased to provide an update on their joint venture (BOD 50%, Alrosa 50%) drilling programme on licence PL 210 in the Orapa region of Botswana.
A three hole drilling programme has been completed. The programme targeted an anomaly discovered by Alrosa using their Transient Electromagnetic Method (TEM) reinforced by soil sampling which had earlier discovered significant Kimberlite Indicator Minerals (KIMs). Two of the three holes intersected the anomaly. The holes intersected intensively altered ultramafic rock. While kimberlite is an ultramafic rock initial field analysis suggests this rock is older than the kimberlites found in the Orapa area. Chrome spinellids and olivines which are significant KIMs are in the core. Detailed petrographic analysis of the drill core will take place in St Petersburg Russia to identify what is in the rock.
The exploration team is continuing work on site, conducting further sampling and ground geophysics.
John Teeling, Chairman, commented, "The good news is that the techniques used by our partners Alrosa have worked in this instance by delineating ultramafic rock, of which kimberlite is one type buried under 90 meters of sand. The rock discovered is not Orapa kimberlite but appears to be another older ultramafic rock. The core is now being processed to identify what it contains. Exploration on this block continues to identify the source of the two small diamonds we discovered in earlier work."
This release has been approved by Benjamin Mosigi, MSc (Mineral Exploration and Mining Geology), who is a member of the Geological Society of South Africa.
Enquiries:
Botswana Diamonds PLC |
|
John Teeling, Chairman |
+353 1 833 2833 |
Jim Finn, Director |
|
Northland Capital Partners Limited |
|
David Hignell/Gerry Beaney |
+44 (0) 20 7382 1100 |
John Howes/Mark Treharne (Broking) |
|
Dowgate Capital Stockbrokers Limited |
|
Jason Robertson |
+44 (0) 129 351 7744 |
Blytheweigh |
+44 (0) 20 7138 3204 |
Halimah Hussain |
+44 (0) 7725 978 141 |
PSG Plus |
|
Aoife Ross |
+353 (0) 1 661 4055 |
Alan Tyrrell |
+353 (0) 1 661 4055 |
www.botswanadiamonds.co.uk
