Botswana Diamonds PLC Drilling commences on Thorny River (7052S)
18 Julio 2022 - 1:00AM
UK Regulatory
TIDMBOD
RNS Number : 7052S
Botswana Diamonds PLC
18 July 2022
18(th) July 2022
Botswana Diamonds PLC
("Botswana Diamonds", "BOD" or the "Company")
Drilling commences on Thorny River
Botswana Diamonds plc ("BOD"), the London AIM and BSE listed
diamond explorer, is pleased to announce that drilling has started
on the recently discovered high-grade geophysical anomalies on
Thorny River.
A minimum of ten reverse circulation drill holes are planned on
four high-grade gravity anomalies and the most prospective target
identified by Subterrane. Subterrane, a UK-based specialist
exploration research company, has developed a proprietary
methodology to integrate detailed structural mapping with
geophysics results and has been working on the property with BOD
for several years. The objective of the drilling programme is to
discover additional blows on the Thorny River property in order to
expand the resource and thus pave the way for a future mining
license or permit application(s). Drilling will take around two
weeks to complete.
Chairman, John Teeling commented: " This is an important next
step in our drive to establish a commercial operation at Thorny
River. We are hopeful that these additional holes will expand the
resource base to allow a financial evaluation of greater potential
for the Thorny River diamond project ".
Qualified Person
This release has been approved by James Campbell, Managing
Director of Botswana Diamonds plc, a qualified geologist
(Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining
and Metallurgy, the Institute of Materials, Metals and Mining (UK)
and the Geological Society of South Africa and who has over
35-years' experience in the diamond sector.
______
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018. 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
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
BlytheRay - 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
Ciara Wylie +353 (0) 1 661 4055
www.botswanadiamonds.co.uk
ENDS
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END
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(END) Dow Jones Newswires
July 18, 2022 02:00 ET (06:00 GMT)
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