AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

BOTSWANA DIAMONDS PLC

Regulatory Filings Aug 8, 2014

7526_rns_2014-08-08_4e2dffa8-3f60-447a-8093-29eb5bc1f737.html

Regulatory Filings

Open in Viewer

Opens in native device viewer

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 5807O

Botswana Diamonds PLC

08 August 2014

08 August 2014

Drilling Programme in Orapa

The board of Botswana Diamonds (AIM: BOD) is pleased to confirm that a drilling programme will start the third week of September on Prospecting Licence No PL117/2011 in Orapa, Botswana.

The two specific targets to be drilled, AN117/1 and AN117/2, are in the Northern part of this small 2.9 sq km block.  The targets, identified from recent work by Sunland Minerals, the 50/50 joint venture between Alrosa and Botswana Diamonds, are prospective for the discovery of kimberlite bodies. Verification drilling depth will be 100 metres and after the core is studied in Botswana, specimens and samples will be sent for analysis to St. Petersburg.

Two holes will be drilled on mineralogical and geophysical anomaly AN117/2. Two or three holes will be drilled on mineralogical anomaly AN117/1.  Additional geophysical works will be carried out in September on this area.

In addition, the board is pleased to announce that the final report from Sunland Minerals prepared by Alrosa geologists will be received in the near future.  This will outline opportunities arising from the detailed analysis of field data collected by the joint venture in recent months.

An extensive work programme is being finalised on the new licences recently awarded to the joint venture.  An enlarged team of Alrosa geologists, geophysicists and mineralogists will join the Botswana Diamonds team in Botswana, mid-September.

John Teeling, Chairman, commented "Activity is quickening in our Sunland joint venture with Alrosa, the largest diamond producer in the world.  In September we will drill holes on each of two previously unknown anomalies on the PL117 block in Orapa, Botswana.  These are verification holes targeting kimberlites. 

"The final results of the geochemical, geophysical and mineralogical analyses carried out on the fieldwork data collected earlier will be received by Botswana Diamonds in the near future. 

"In addition, we are finalising an extensive Orapa exploration programme on our new ground also starting in September.  It has taken two years of painstaking data gathering and analysis to get to first drilling.  The programme is eagerly anticipated."

-Ends-

_________________________________________________________________________________

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
Westhouse Securities Limited
Martin Davison +44 (0) 20 7601 6100
Robert Finlay
Dowgate Capital Stockbrokers Limited
Jason Robertson +44 (0) 129 351 7744
African Alliance Botswana Securities
Kabelo Mohohlo +267 364 3954
Oratile Leburu +267 364 3977
Blytheweigh +44 (0) 20 7138 3204
Tim Blythe +44 (0) 7816 924 626
Halimah Hussain +44 (0) 7725 978 141
Camilla Horsfall +44 (0) 7817 841 793
Pembroke Communications
Natalie Tennyson +353 1 649 6486
Alan Tyrrell +353 1 649 6486

www.botswanadiamonds.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLLLFSSTFIDIIS

Talk to a Data Expert

Have a question? We'll get back to you promptly.