Monday, October 22 10:29:32
Botswana Diamonds, the Irish AIM listed diamond exploration company, has identified five targets on its new licence in the Orapa region of Botswana.
Licence PL170/2012 which is 100 per cent owned by Botswana Diamonds was issued to BOD in May 2012 and covers an area of 249 sq kms. It lies 30kms to the east of the Letlhakane diamond mine.
Botswana has compiled mineral chemistry data from soil samples collected on the licence with an earlier review of aeromagnetic data. The data shows areas with concentrations of diamond indicator minerals, namely garnets, ilmenites with a few spinels and chromites. The garnets fall mainly within the G9 group with minor G10 garnets. These results identified five areas for follow-up ground geophysics.
John Teeling, Chairman, commented, "These are very encouraging results which enable us to move forward to the next stage of exploration activity with confidence. "We believe the five target areas we are now focussing on offer very high potential, and look forward to providing a further update on the findings of the ground magnetic and gravity surveys before the end of the year."
A geophysics team is currently conducting detailed ground magnetic and gravity surveys on four areas in the west of the licence and one area in the east for the purposes of identifying drilling targets. Results from this work are expected within six weeks, after which a percussion drilling programme will commence.