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From: Nigel
ArtDate: 13th December 2006
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 84.9.59.118
Date: 22/12/06
Time: 20:05
13th December 2006
Firestone Diamonds plc Kimberlite discovery at Tsabong project, Botswana
News Item - Conduit PR
HIGHLIGHTS
Three large kimberlites discovered MK71 – 15 hectares MK72 – 22 hectares MK73 – 18 hectares Kimberlite discovery comes in first month of exploration at Tsabong Total number of kimberlites in licence area increased to 70 Samples being prepared for microdiamond, mineral chemistry and petrographic analysis in Q1 2007 Exploration drilling to recommence in January 2007 Firestone Diamonds plc (“Firestone” or “the Company”), the AIM-quoted diamond mining and exploration company, today announces the discovery of three large kimberlites at its Tsabong kimberlite project in Botswana.
Exploration at Tsabong commenced in November 2006, and is targeting approximately 80 well defined geophysical anomalies that were identified from aeromagnetic survey data. Geophysical and drilling crews were mobilised to the area at the beginning of November and high resolution ground magnetic surveys are being carried out on all kimberlite targets to select locations for drill holes.
Drilling to the end of November has resulted in the discovery of 3 kimberlites, known as MK71, MK72 and MK73. Modeling of the airborne and ground magnetic data indicates that all 3 kimberlites are large, with estimated surface areas of approximately 15, 22 and 18 hectares, respectively. Drill chip samples are currently being prepared for dispatch to laboratories in South Africa and Canada for microdiamond, mineral chemistry and petrographic analysis in Q1 2007. MK73 is located under only 16 metres of overburden, which will facilitate further drilling and bulk s2ampling, should that be warranted by the results of the initial evaluation. Exploration drilling will recommence in January 2007.
Philip Kenny, CEO of Firestone Diamonds, commented today: “The discovery of 3 large kimberlites within weeks of starting exploration is very encouraging. This brings the total number of kimberlites in our project area to 70, and with many more targets to drill we expect to continue to make new discoveries when drilling resumes in 2007.”
For further information:
Philip Kenny Firestone Diamonds +44 20 8834 1028 / +44 7831 324 645
Laurence Read / Jos Simson Conduit PR +44 20 7429 6600 / +44 7979 955 923
Jamie Cumming Bell Lawrie +44 141 314 8103 / +44 7768 044 620
www.firestonediamonds.com
Jos Simson Conduit PR Ltd 76 Cannon St EC4N 6AE Direct: +44 (0) 20 7429 6603 Office: +44 (0) 20 7429 6666 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 789 987 0450
www.conduitpr.com
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