| Tue 20 Dec 2011, 16:00 | | DMC - DiamondCorp plc - Botswana exploration update |
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DMC
DMC
DMC - DiamondCorp plc - Botswana exploration update
DiamondCorp plc
JSE share code: DMC
AIM share code: DCP
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
(`DiamondCorp` or `the Company`)
BOTSWANA EXPLORATION UPDATE
DiamondCorp plc, the African diamond mine development and exploration
company, is pleased to provide an update of kimberlite exploration at the
Company`s Jwaneng South joint venture in Botswana.
Preliminary results of kimberlite samples recovered from the first five
large diameter (455mm) drill(LDD) holes undertaken on kimberlite J-05 are
now available.
The samples totalling 249.85 tonnes were processed through a modified
circuit on the 65tph dense media separation plant at the Company`s Lace
Mine in South Africa. The circuit was modified specifically to treat the
LDD samples from Jwaneng. Each borehole was treated as a separate sample
with the plant being purged between samples. Each sample was spiked with
tracers to monitor plant performance. All tracers were recovered.
A total of 23 macro diamonds (diamonds larger than 0.5mm in size) totalling
0.85 carats have been recovered to date. The majority are clear gem quality
stones with four pink stones present. The majority of the stones are
fragments of larger diamonds most likely broken during the drilling
process. The concentrates from each sample will be re-processed early in
the New Year in order to ensure that no diamonds were missed. Once the
samples have been re-processed, the data, together with the micro diamond
data recovered from earlier exploration, will be submitted for modelling to
determine an initial grade estimate.
In the meantime, LDD drilling at kimberlite J-01 is continuing, with
samples due to start arriving at Lace for processing in the New Year.
Commenting on the results, DiamondCorp`s managing director Paul Loudon
said: "We look forward to receiving final results and the grade modelling
from the mini-bulk tests on both J-01 and J-05 in the first quarter of
2012. Only when the final data has been assessed and modelled will we have
an indication of the grade potential of these kimberlites."
London
20 December 2011
The Competent Person responsible for the technical information contained in
this announcement is Mr Paul Zweistra (Pr. Sci. Nat., Registration number
400016/93) a full-time employee of VP3. VP3 and Mr Zweistra have given
their permission for their work to be quoted in this announcement.
AIM Nomad: Fairfax I.S. plc
AIM Brokers: Fairfax I.S. plc, Ocean Equities Ltd
JSE Sponsor: PSG Capital (Pty) Limited
DiamondCorp plc, Paul Loudon +44 20 3151 0970/+27 56 212 2308
Ewan Leggat, Fairfax I.S. plc +44 207 598 5368
Guy Wilkes, Ocean Equities Limited +44 207 786 4370
John-Paul Dicks, PSG Capital (Pty) Limited +27 21 887 9602
Charmane Russell/Marion Brower, Russell & Associates +27 11 880 3924
Date: 20/12/2011 16:00:48 Produced by the JSE SENS Department.
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