Business Irish

Saturday 16 December 2017

Teeling firm identifies 13 diamond sites in Botswana

Colm Kelpie

Colm Kelpie

AN Irish diamond exploration company has identified 13 different sites in Botswana that may hold rocks that contain the precious stones.

AIM-listed Botswana Diamonds is an exploration and project development company that holds exploration licences in Botswana and Cameroon, as well as early stage diamond licence applications in certain areas of Zimbabwe.

The potential diamond kimberlite find in the northeast of the African country was borne out of a year-long technical agreement with a major diamond multinational, understood to be Russian mining giant Alrosa.

It is believed that Alrosa has used new technology to identify kimberlite bodies buried beneath the Kalahari sand and basalt cover.

Previous diamonds discoveries in Botswana have been at, or close to, the surface and it has long been believed that other kimberlites lie below the Kalahari sand and basalt which cover most of Botswana.

Chairman John Teeling said they won't know for sure what's below the surface until they start drilling, but the initial work appears positive.

"We have identified 13 sites ranging from 3 sq km to almost 50 sq km, which we believe are likely to contain diamondiferous kimberlites," he said.

Irish Independent

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