Name of the Project
Thorny River diamond dyke project.

Location
The project is a consolidation of the Frischgewaagt, Hartbeesfontein and Doornrivier properties, in Limpopo, South Africa.

Project Owner/s
Diamond exploration and project development company Botswana Diamonds (BOD).

Project Description
Thorny River comprises the eastern extension of the kimberlite dyke and/or pipe systems on which the Klipspringer and Marsfontein mines are located, both of which have been economically mined.

The project has a modelled in situ grade range of 46 carats per hundred tonnes (cpht) to 74 cpht, and a diamond value range from $120/ct to $220/ct.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
BOD has discovered two new blows at its Thorny River diamond project, which will increase the mineable kimberlite.

The mine plan is now being finalised and the mining permit application being prepared.

This discovery comes from the company’s latest drilling campaign at the project, where 12 reverse circulation holes were completed.

The objective of this drilling campaign was to expand the mineable kimberlite for the purpose of mine planning.

There were 52 m of kimberlite found, with the biggest intersection being 22 m.

Analysis of raw data shows that two of the targets resulted in the discovery of new subsurface blows, which will be added to the inventory.

“We have finished exploration and now move toward mine development. We already have a good understanding of how the mine will look. The recent drilling identified the entry point for a mine. The next stage is to refine the mine model and to apply for a mining permit,” chairperson John Teeling has said.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
BOD, tel +353 1 833 2833/+353 1 833 2833, fax +353 1 833 3505 or email info@botswanadiamonds.co.uk.