18th 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.
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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 James Campbell, Managing Director Jim Finn, Director |
+353 1 833 2833 +27 83 457 3724 +353 1 833 2833 |
| Beaumont Cornish - Nominated Adviser Roland Cornish |
|
| Beaumont Cornish Limited - Broker Felicity Geidt | +44 (0) 207 628 3396 |
| First Equity Limited - Joint Broker
| +44 (0) 207 374 2212 |
| BlytheRay - PR Said Izagaren Naomi Holmes | +44 (0) 207 138 3206 +44 (0) 207 138 3553 +44 (0) 207 138 3206 +44 (0) 207 138 3206 +44 (0) 207 138 3206 |
| Teneo Luke Hogg Alan Tyrrell Ciara Wylie |
+353 (0) 1 661 4055 +353 (0) 1 661 4055 +353 (0) 1 661 4055 |
ENDS
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