Botswana Diamonds PLC [BOD] - Orapa Prospecting Licence Update
4
September 2012
Orapa Prospecting Licence Update
Botswana
Diamonds plc (AIM: BOD) (“Botswana Diamonds”) is pleased to provide an update on
the work being performed on licence PL170/2012 in the Orapa area of Botswana.
The licence awarded earlier this year covers 262.6 square kilometres and lies 70
kilometres to the southwest of the giant Debswana owned Orapa diamond mine. The
ground lies within the area generally considered to contain the Orapa kimberlite
cluster.
A detailed analysis has been completed on available information
involving high resolution aeromagnetic data, ground geophysics and mineral
chemistry. Twelve targets have been identified of which five are top priority.
Detailed ground magnetic and gravity surveys and a follow up percussion drilling
programme will commence shortly. The entire programme is expected to be
completed within six months. The licence is wholly owned by Botswana Diamonds
and is separate to the ongoing joint venture with a major international resource
company. Preliminary results from this joint venture are positive. A detailed
report will be issued in the near future.
John Teeling, Chairman,
commented:
“The new licence, PL170/2012 is proving to be as good as we
hoped. We have outlined twelve targets on the ground of which five look
particularly interesting. We are mobilising crews to undertake ground surveys on
these five to identify drilling targets. The ground work, modelling and drilling
will be completed within six
months.”
_____________________________________________________________________
This
release has been approved by Benjamin Mosigi, MSc (Mineral Exploration and
Mining Geology), who is a member of the Geological Society of South Africa.
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