Botswana Diamonds identifies drilling targets at Thorny River play in South Africa

Writer,

Botswana Diamonds said it had identified what it believed to be kimberlite pipes, buried at shallow depth, at its Thorny River project in South Africa.

The targets, identified by geophysical work, were very similar to the pipe that constituted the high-grade and De Beers Marsfontein mine.

They were similar in so much as the pipe had little surface indication due to dolerite rock cover, but grew and swelled below the dolerite, Botswana Diamonds said.

Chairman John Teeling said it had long been held that there should be high-grade kimberlite pipes other than the Marsfontein mine in the Thorny River area, but the geology made discovery difficult.

'New geophysical technology tries to see through the dense dolerite cover,' Teelign said.

'The company pioneering the work, Subterrane, believe they have identified five targets likely to be kimberlites.'

Teeling said the company was working to better define where to drill.

'The targets are shallow so will not be expensive to drill,' he said.

At 2:02pm: (LON:BOD) Botswana Diamonds PLC share price was +0.04p at 0.58p


Related content

Botswana Diamonds to acquire KX36 diamond discovery in Botswana for $300K

Diamond explorer Botswana Diamonds agreed to acquire the KX36 diamond discovery from in Botswana, along with two adjacent prospecting licences and a diamond processing plant,...

Mon, 20/07/2020 - 08:37


Botswana Diamonds recovers over 100 macro diamonds at Marsfontein project in South Africa

Diamond explorer Botswana Diamonds said it had recovered over 100 macro diamonds from bulk sampling operations at the Marsfontein development project in South Africa's Limpopo...

Fri, 29/05/2020 - 09:08


Bodycote revenue down 30% in April as Covid-19 impact takes toll on demand

Thermal processing services provider Bodycote said revenue fell 30% in April as its businesses outside of China had experienced the biggest impact from the Covid-19...

Thu, 28/05/2020 - 08:27


Botswana Diamonds awarded six new Kalahari prospecting licences

Botswana Diamonds said the Botswana government has awarded six new prospecting licences to its subsidiary to Sunland Minerals.

The licence tenure was for a period...

Wed, 01/04/2020 - 13:41


Botswana Diamonds intersects kimberlite at South Africa prospect

Botswana Diamonds said kimberlite was intersected at shallow depth in two out of three drill holes by way of visual inspection at its Marsfontein play...

Mon, 24/02/2020 - 13:20