Geophysics identifies anomalies indicative of kimberlite pipes
Botswana Diamonds, the London AIM and BSE listed diamond explorer, is pleased to announce the results of a ground geophysics survey on its Sekaka Diamonds Pty Ltd (“Sekaka”) Prospecting Licenses in Botswana.
· High interest anomalies indicative of kimberlite pipes discovered in the vicinity of the KX36 diamond discovery.
Chairman, John Teeling commented: “These results strongly support our view that other kimberlites remain to be found in the vicinity of our 100% owned KX36 diamond discovery. If these anomalies prove to be diamondiferous kimberlites it will enhance the commercial prospects of the existing KX36 discovery. We will now do follow up work to target drill sites”.
Following a detailed review of aeromagnetic data on Sekaka licences PL069/2019 and PL224/2007 four high interest anomalies were identified within a six-kilometre radius of the existing Botswana Diamond KX36 discovery in the Central Kalahari of Botswana. The anomalies are magnetic highs along fault structures and are typical of occurrences of kimberlite pipes in the area. A recent ground follow-up work with ground magnetic surveys confirmed these encouraging anomalies. The nest steps are gravity modelling and soil sampling. A drill programme will be put in place.
Information on exploration activities in Botswana
The Company is involved in three diamond exploration companies in Botswana: the 100% owned Sunland Minerals Pty Ltd and 100% owned Sekaka Diamonds Pty Ltd and a minority stake in the Maibwe joint venture. All three companies have diamond exploration licences in the Kalahari Desert.
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.
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
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
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