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Teeling firm has 5 targets in Botswana

Tuesday, September 04 10:53:20

Botswana Diamonds, the John Teeling-led Irish AIM listed diamond exploration company, has pinpointed five priority targets among the twelve targets identified at its wholly owned licence in the Orapa area of Botswana.

Botswana Diamonds was awarded licence PL170/2012 earlier this year. The licence covers 262.6 square kilometres and is situated 70 kilometres southwest of the giant Debswana owned Orapa diamond mine. The ground lies with 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. A total of twelve targets have been identified of which five are to be prioritised. Detailed ground magnetic and gravity surveys and a follow up percussion drilling programme will commence shortly, the company said.

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.

"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," said Mr Teeling.