Botswana Diamonds Pleased wth Kimberlite Find at Ontevreden

Mining and Exploration
14/07/2017 11:22

Botswana Diamonds (BOD) the AIM and BSE listed explorer has announced that prospecting work on the Ontevreden licence held by Vutomi has identified a group 2 kimberlite pipe, the company said in a press release. Initial work indicates a size of 1.5 to 2.5 hectares in area containing high interest garnets. Detailed drilling of the area will follow to confirm the size and whether it contains commercial diamonds. Ontevreden is close to the Petra Diamonds Helam diamond mine in North West South Africa some 400 km from Frischgewaagt in a separate kimberlite cluster.  Helam has a grade of 85 carats per hundred ton (cpht). John Teeling, Chairman, commented, "This is excellent news. A new kimberlite discovery in an area where high grade kimberlites are being mined offers exciting prospects for the Company. I look forward to providing shareholders with further updates as appropriate."

Managing Director of Botswana Diamonds James Campbell facilitated the conclusion of an earn-in agreement with private South Africa diamond exploration and development firm Vutomi Mining shortly after joining the junior miner. Vutomi has a portfolio of over 20 high interest kimberlites spanning the Limpopo, North-West and Free State provinces of South Africa, many of which are diamondiferous. These kimberlites are housed in 10 prospecting rights encompassing over 50 000 ha of ground. The flagship project, Frischgewaagt, is in the Limpopo Province 300 km north of Johannesburg and is immediately adjacent to the Marsfontein mine which was previously operated by the De Beers/ Southern Era joint venture.