May 12, 2016

Large Diameter Drilling Programme To Commence at the Maibwe Block

Botswana Diamonds PLC  said recently that it would be commencing a    Large Diameter Drilling (LDD) programme   shortly on PL 186 which is part of the Maibwe (Brightstone) block of licences in the Gope Region of Botswana. 

Maibwe Diamonds is a privately-held company controlled by BCL (51%) a state-owned copper and nickel producer in Botswana. BCL is also the operator of the project.    

The forthcoming LDD programme is a follow up to the diamond drilling conducted in 2015 on PL 186 during which a number of diamondiferous kimberlites were found.  “The LDD drilling is to confirm the 2015 results and gain a clearer understanding of the grade and size frequency distribution of diamonds,” Botswana Diamonds explained. “Work on the other licences within the Maibwe block is also planned.”

Earlier, in 2013, Botswana Diamonds had entered into  a joint venture agreement with Brightstone Mining on the block. “BCL subsequently took over the block in 2015 and created Maibwe Diamonds,” the Company clarified.  “Botswana Diamonds retains a 15% position in Maibwe Diamonds. This project is completely separate from the Botswana Diamonds/Alrosa joint venture.”

John Teeling, Chairman, commented:  "We now know there are diamonds on PL 186.  The upcoming drilling is to establish the grade and quality."