Botswana Exploration Programme for 2016

RNS Number : 6838Q

Botswana Diamonds PLC

02 March 2016

 

2^nd March 2016

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Botswana Exploration Programme For 2016

The directors of Botswana Diamonds (AIM: BOD) are pleased to present highlights of the forthcoming first half 2016 exploration programme for Botswana.  This will commence this month and will be managed by Alrosa, the Russian diamond producer, who is our 50 per cent partner in the venture.

Highlights

·        Drilling of one core hole to 300m depth and one or two large diameter holes, each 300 metres deep on kimberlite pipe AK21 on PL 260 in the Orapa area.

·        Drilling two or three follow-up holes, 80 metres each on PL 210 in the Orapa area.

·        Hard rock and heavy concentrate sampling on PLs 260 and 210 in Orapa and on our four licences in the Gope area.

·        Ground magnetic surveys and electromagnetic (TEM) surveys on PLs 260 and 085 in Orapa; and PLs 135, 136 and 137 in Gope.

·        The budget is $700,000 of which half will be paid by BOD

John Teeling, chairman, commented "This is a very focused programme.  The wide diameter holes to be drilled on a known kimberlite on our new licence in Orapa, PL 260, are to test whether diamond grades improve at depth.

The follow up holes on PL 210 are to investigate local geophysical anomalies (magnetic and electromagnetic) which can be connected with kimberlites.

The Gope area is emerging as an attractive diamond province with the Gem owned Ghagoo mine and the Petra owned KX36 discovery.  We have already explored three small licences in the area and found anomalies.  The proposed work will identify drill targets."

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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.

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Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman	[phone]
Jim Finn, Director
Dipti Mehta
Northland Capital Partners Limited
David Hignell/Gerry Beaney (Corporate Finance)	[phone]
John Howes (Broking)
Dowgate Capital Stockbrokers Limited
Jason Robertson	[phone]
Blytheweigh	[phone]
Camilla Horsfall
PSG Plus
Colm Heatley	[phone]
Alan Tyrrell	[phone]

www.botswanadiamonds.co.uk

 

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