9th Nov 2020 11:31
(Alliance News) - Botswana Diamonds PLC said Monday it has identified a number of drillable kimberlite targets on the Marsfontein and Thorny River diamond properties in South Africa.
Shares in the diamonds producer were 11% higher at 0.72 pence on Monday in London.
Of the ten areas surveyed, the findings have identified four target areas including a potential blow of up to 0.25 hectares, and swells in the kimberlite system of up to 10 metres.
A multi-hole drilling programme is expected to start within two weeks.
"This phase of exploration on Thorny River and Marsfontein was designed to identify potential 'blows' and swells on kimberlite veins. We have identified four likely targets, one blow, and three swells. These will be drilled in the coming weeks. Some of the kimberlite pipes in this area contain very high diamond grades," said Chair John Teeling.
By Dayo Laniyan; [email protected]
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