By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– “The recovery of so many kimberlitic indicators and in particular diamonds, which are very rare to recover in small sample narrow reverse circulation drill holes is highly encouraging and bodes well for the potential commerciality of this exciting discovery,” the company asserted after evaluating the drilling classifications.
Botswana Diamonds reviewed the pearls recouped were all of “good complexion and clarity”, and were of saleable disposition of a sample in high desire.
It announced the diamonds were not weighed, as the sample size was small, amplifying that they were not characteristic of a reasonable population. Stakes in the corporation lunged on the news and were trading 11.2% higher in London at 0.95% by 11:00 am local time. The miner’s demand capitalization is sitting at £7.4 million. The following step would be to embark a comprehensive core drilling program, which is schemed for the dry season, the company announced.
The Thorny River program is found in the Northern Limpopo province and the volume of its main deposit has been sculptured at between 1.2 and 2 million tones. It has a diamond grade rove between 46 and 74 cpht and diamond significances in the spectrum of $120 and $220 per carat.
Botswana, which was surpassed by Russia as the world’s prime diamond generating country in 2014, is scuffling with aging mines, as well as power and water shortages. Nonetheless, the country is home to some of the world’s most prolific diamond mines, including Lucara Diamond’s (TSX:LUC) Karowe operation, where the now famous Lesedi Rona, the second-largest gem-quality diamond to ever be found, was excavated in 2016. Plus diamonds, Botswana alike elicits nickel, copper, coal and iron ore.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent
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