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Botswana Diamonds update on Vutomi JV

September 12, 2017 6:50 AM
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StockMarketWire.com - Botswana Diamonds has issued a further update on its Vutomi joint venture in South Africa.

It said 17 holes had been drilled on the Zebediela project and large diameter drilling was scheduled to commence in October.

It said geophysics outlined the size of the Kimberlite discovery at Ontevreden as a minimum of 100 metres x 70 metres.

Chairman John Teeling said: "Intensive exploration is ongoing at our two main projects in South Africa, Zebediela and Ontevreden.

"At Zebediela the drilling has identified where best to site the Large Diameter Drill programme beginning in October 2017.

"At Ontevreden, geophysics has outlined the size of the previously announced Group 2 kimberlite discovery which is currently estimated at 100m x 70m metres."

Also read: World Bank cuts South Africa's 2017 growth forecast

Source: stockmarketwire.com

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