Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Drilling Update at Orapa

18th Sep 2014 07:00

RNS Number : 9595R
Botswana Diamonds PLC
18 September 2014
 



 

 

18 September 2014

 

Drilling Update at Orapa

 

The Directors of Botswana Diamonds (AIM: BOD) are pleased to update shareholders on the status of the Company's exploration programme with Alrosa on its licences in the diamond province of Orapa in Botswana.

 

A seven person geological team from Alrosa has arrived in Botswana and are on site at Orapa with the Botswana team, with drilling to commence in ten days.

 

The Alrosa and Botswana Joint Venture team will carry out the following:

 

· A detailed ground geophysics programme in the area of anomaly AN117-1 on Block PL117 to target drill sites.

· Commence drilling at the identified drill sites within ten days at anomaly AN117-2 on Block PL117. The drill rig is on the way to site.

· Carry out a widespread geophysics and ground sampling programme on the Company's licences PL206-PL210 awarded in Q2 2014.

 

John Teeling, Chairman, commented:

 

"I am pleased to inform shareholders of the continued progress that we are making in Orapa.

 

"The geological team provided by our Joint Venture partners Alrosa will work in tandem with the existing Botswana team.

 

"With drilling commencing in the next ten days, I look forward to updating the market with initial drill results in the next month."

 

-Ends-

 

Enquiries:

 

Botswana Diamonds PLC

John Teeling, Chairman

+353 1 833 2833

Jim Finn, Director

Westhouse Securities Limited

Martin Davison

+44 (0) 20 7601 6100

Robert Finlay

Dowgate Capital Stockbrokers Limited

Jason Robertson

+44 (0) 129 351 7744

African Alliance Botswana Securities

Kabelo Mohohlo

+267 364 3954

Oratile Leburu

+267 364 3977

Blytheweigh

+44 (0) 20 7138 3204

Tim Blythe

+44 (0) 7816 924 626

Halimah Hussain

+44 (0) 7725 978 141

Camilla Horsfall

+44 (0) 7817 841 793

Pembroke Communications

Natalie Tennyson

+353 1 649 6486

Alan Tyrrell

+353 1 649 6486

 

www.botswanadiamonds.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLUBAVRSOAKAAR

Related Shares:

Botswana Diam
FTSE 100 Latest
Value8,608.48
Change-26.32