Thorny River diamond project, South Africa
Name of the Project
Thorny River diamond project.
Location
The project is a consolidation of the Frischgewaagt, Hartbeesfontein and Doornrivier properties, in Limpopo, South Africa.
Client
Botswana Diamonds.
Project Description
Thorny River comprises the eastern extension of the kimberlite dyke and/or pipe systems on which the Klipspringer and Marsfontein mines are located, both of which have been economically mined.
The project has a modelled in situ grade range of 46 carats per hundred tonnes (cpht) to 74 cpht and a diamond value range of $120/ct to $220/ct.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Value
Not stated.
Duration
Not stated.
Latest Developments
Botswana Diamonds has started with the planned intensification drilling on its Thorny River prospect, with the first four holes having intersected diamonds at predicted thicknesses and depths.
The programme, which comprises the drilling of 40 reverse circulation angle percussion boreholes to a depth of 30 m is expected to be completed within the next four weeks.
The purpose of this drilling programme is to allow for the detailed planning of the proposed bulk sampling programme for Thorny River, which will start on completion of drilling activities and after the necessary regulatory approvals have been received.
The approvals are expected to be granted within the next three months.
Meanwhile, the refurbishment of a nearby diamond processing plant is proceeding according to plan to process the bulk sample kimberlite, Botswana Diamonds has said.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Botswana Diamonds, tel +353 1 833 2833/+353 1 833 2833, fax +353 1 833 3505 or email info@botswanadiamonds.co.uk.
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