BOTSWANA DIAMONDS PLC

Regulatory Filings • Jul 14, 2017

National Storage Mechanism | Additional information

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RNS Number : 0330L

Botswana Diamonds PLC

14 July 2017

14th July 2017

Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

Kimberlite Discovered on Vutomi Licence

Highlight:

·      Kimberlite pipe identified on Ontevreden Licence

Botswana Diamonds (BOD) the AIM and BSE listed explorer is pleased to announce that prospecting work on the Ontevreden licence held by Vutomi has identified a group 2 kimberlite pipe.  Initial work indicates a size of 1.5 to 2.5 hectares in area containing high interest garnets.  Detailed drilling of the area will follow to confirm the size and whether it contains commercial diamonds.

Ontevreden is close to the Petra Diamonds Helam diamond mine in North West South Africa some 400 km from Frischgewaagt (FGT) in a separate kimberlite cluster.  Helam has a grade of 85 carats per hundred tonne (cpht).

John Teeling, Chairman, commented, "This is excellent news.  A new kimberlite discovery in an area where high grade kimberlites are being mined offers exciting prospects for the Company. I look forward to providing shareholders with further updates as appropriate."

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 Materials, Metals and Mining with over 31-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	+353 1 833 2833
James Campbell, Managing Director	+27 83 457 3724
Jim Finn, Director
Northland Capital Partners Limited
David Hignell/Gerry Beaney (Corporate Finance)	+44 (0) 203 861 6625
John Howes (Broking)
Dowgate Capital Stockbrokers Limited
Jason Robertson	+44 (0) 203 903 7725
Blytheweigh	+44 (0) 207 138 3204
Camilla Horsfall	+44 (0) 781 784 1793
Nick Elwes	+44 (0) 783 185 1855
Teneo PSG
Ciaran Flynn	+353 (0) 1 661 4055
Alan Tyrrell	+353 (0) 1 661 4055

www.botswanadiamonds.co.uk

This information is provided by RNS

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