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Positive Results from Initial Analysis of Exploration on PL117 in Orapa

30th April 2014

  

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Botswana Diamonds  (0.04 MB)

Two Drill Targets identified, Potential for new kimberlites

Botswana Diamonds announces today that initial fieldwork has successfully been completed on schedule and on budget on PL 117. This is a 2.9 square km area in Orapa identified as the highest level priority target by the Company’s partner, Russian diamond major, Alrosa.

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. A work programme is now being prepared for the new ground.

Edited by Creamer Media Reporter

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