Botswana Diamonds soars on Thorny River potential

The corporate stated that following a preliminary evaluation of Thorny River’s kimberlite potential, it estimated the asset hosts about 2 million tonnes of kimberlitic materials, up from the 1.2 million beforehand decided.

“Let me put this in context. The two million tonnes is nearly twice the dimensions of the close by Marsfontein deposit,” Chairman John Teeling stated within the assertion.

Botswana Diamonds has recognized 4 extra potential blows, which may improve the kimberlite quantity nonetheless additional, it stated.

Teeling stated these discoveries enhanced the possibilities of creating a “hub and spoke” mining mission, which the corporate totally owns since final 12 months.

Analysts from SP Angel famous the promising outcomes “will should be verified by drilling and a proper useful resource and reserve evaluation to find out the tonnages and grades out there for any future mining mission”.

Botswana Diamonds stated it’s now assessing mining choices for the advanced, positioned in South Africa’s northern Limpopo province, including that it hasn’t but assessed the potential diamond grade.

What do you think?

Written by colin


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