Listed Mining Companies
JOHANNESBURG (miningweekly.com) – London and Johannesburg-listed DiamondCorp on Tuesday reported that it had completed the first diamond drill hole on the J1 kimberlite target at the Jwaneng South project area, in Botswana.
The drill hole, completed to a vertical depth of 340,02 m, intersected kimberlite from 17 m vertically down hole, to the end of the borehole. Logging of the core reported Kalahari sand to 17 m, severely calcretised kimberlite from 17 m to 69 m, weathered massive volcaniclastic kimberlite (MVK) from 69 m to 74 m and relatively fresh MVK kimberlites from 74 m to the bottom of the bore hole, at 340 m.
“We are pleased with the rapid progress in drilling J1 and delighted with the shallow sand cover, which could facilitate early bulk testing if microdiamond analysis is positive. We look forward to updating the market as the programme progresses,” said DiamondCorp CEO Paul Loudon.
The drill rig has now been relocated 200 m to the east-north-east of bore hole J1/001 to test the eastern portion of the anomaly. At the completion of the second hole, the core will be shipped to Johannesburg for microdiamond recoveries.
DiamondCorp was earning a 77,5% interest in various exploration licences in Botswana from Geoperspectives, by funding exploration activities.
The J1 kimberlite is located 8 km southeast of De Beers Jwaneng mine, the richest diamond mine in the world measured by value.
