Botswana Diamonds Identifies Drill Targets at PL 117

Botswana Diamonds plc (LSE:BOD) announced that initial fieldwork at PL 117 has been completed on schedule and on budget. John Teeling, the company’s chairman, said that, as hoped, drill targets have been identified in the area.

As quoted in the press release:

The results show scope for discovery of new kimberlite pipes, particularly in the north of the block.  Two drill targets have already been identified and we anticipate that further drill targets will be identified as the second batch of mineralogical samples is fully analysed over the coming months.  A specific drilling programme will then target areas of highest potential.

A combined team of senior geologists and geophysicists from both companies undertook an intensive work programme to identify drill targets on the licence.  Innovative magnetic and electromagnetic geophysical surveys were conducted, and a new map of the magnetic field revealed.  In addition, heavy mineral sampling was carried out.  Some of these samples have already been analysed and interpreted at Alrosa’s world-class proprietary laboratory in St Petersburg, Russia.  A second, larger batch of samples is currently on its way to Russia for priority mineralogical analysis.

In addition Alrosa believes that its analysis of geophysical data and the diamond indicator minerals has highlighted potential on ground in the region of PL117; ground which Botswana Diamonds has applied for and expects to be awarded.

Click here to read the full Botswana Diamonds plc (LSE:BOD) press release.