Botswana Diamonds PLC Model of Kimberlite Pipe at Thorny River (7643I)
December 16 2020 - 2:00AM
UK Regulatory
TIDMBOD
RNS Number : 7643I
Botswana Diamonds PLC
16 December 2020
16(th) December 2020
Botswana Diamonds PLC
("Botswana Diamonds" or the "Company")
Model of Recently Discovered Kimberlite Pipe at Thorny River
Botswana Diamonds is pleased to present a three-dimensional
model of the newly discovered kimberlite pipe on Thorny River.
A high-resolution ground gravity survey conducted during October
2020 detected an enlarged anomaly along the known kimberlite
fissure. This anomaly was subsequently followed up by Reverse
Circulation ('RC') drilling and confirmed as a kimberlite pipe.
Data from the RC holes was reconciled with the ground gravity
data to construct a three-dimensional model of the kimberlite pipe.
The best fit model showed an East - West trending body gently
dipping to the east with a surface expression of 80 x 40m. The
results are displayed in Exhibit 1 and more fully described in the
glossary:
Exhibit 1. First Pass Model of Thorny River Kimberlite
http://www.rns-pdf.londonstockexchange.com/rns/7643I_1-2020-12-15.pdf
This work is significant in providing a maiden three-dimensional
model for the kimberlite within the Thorny River project which will
enable precision planning of further drill holes and calculation of
volumes.
The next step comprises drilling core holes to further confine
the geological boundaries and microdiamond sampling to determine a
first pass diamond grade estimate of the body. Petrographic studies
will be used to confirm the kimberlite types. Geological modelling
is an ongoing and iterative process with every piece of new work
enhancing and increasing confidence in the model.
Precision work on the gravity data also discovered an additional
anomaly to the east, which could be an extension of the kimberlite
pipe and will be drilled in the New Year.
John Teeling, chairman commented: "This is our first
three-dimensional model of the kimberlite on Thorny River and thus
represents an important step in the commercialisation of the
project. The discovery of a second anomaly to the east of pipe
following this detailed analytical work could be an extension of
the pipe and will be drilled in the New Year".
This release has been approved by James Campbell, Managing
Director of Botswana Diamonds plc, a qualified geologist
(Pr.Sci.Nat), a Member of the Geological Society of South Africa, 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 35-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
First Equity Limited - Joint Broker
Jason Robertson +44 (0) 207 374 2212
Blytheweigh - PR +44 (0) 207 138 3206
Megan Ray +44 (0) 207 138 3553
Rachael Brooks +44 (0) 207 138 3206
Said Izagaren +44 (0) 207 138 3206
Naomi Holmes +44 (0) 207 138 3206
Teneo
Luke Hogg +353 (0) 1 661 4055
Alan Tyrrell +353 (0) 1 661 4055
Ross Murphy +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
Glossary
The exhibit shows the intersection of a number of boreholes with
the three-dimensional model of the 'bagpipe' shaped kimberlite
pipe. The different colours within each borehole represents
different rock types, for example, lime green is kimberlite, olive
green is kimberlite breccia and mauve and red are different granite
varieties.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDKZMMZVKFGGZM
(END) Dow Jones Newswires
December 16, 2020 02:00 ET (07:00 GMT)
Botswana Diamonds (LSE:BOD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Botswana Diamonds (LSE:BOD)
Historical Stock Chart
From Apr 2023 to Apr 2024