{"id":1100,"date":"2022-01-13T13:31:26","date_gmt":"2022-01-13T13:31:26","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river"},"modified":"2022-01-13T14:20:55","modified_gmt":"2022-01-13T14:20:55","slug":"botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river","title":{"rendered":"Botswana Diamonds gains 11% as excitement grows for SA prospect Thorny River"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>BOTSWANA Diamonds said an early assessment of its South African kimberlite prospect Thorny River resembled Marsfontein \u2013 one of the richest diamond mines in the world during its short operating life between 1999 and 2000. It was closed in 2002.<\/p>\n

Based on a preliminary study of Thorny River\u2019s content an estimated two million tons of kimberlite volume has been discovered. The UK-listed company will now move to assess the mining potential of the kimberlite.<\/p>\n

John Teeling, chairman of Botswana Diamonds and a well known mineral exploration entrepreneur said the results from Thorny River were \u201cbetter than expected\u201d. The prospect \u2013 adjacent to Marsfontein, is located in the Limpopo province.<\/p>\n

\u201cLet me put this in context. The two million tonnes is almost twice the size of the nearby Marsfontein deposit,\u201d he said in a statement issued by Botswana Diamonds. \u201cWe have identified other small potential blows which could further increase the kimberlite volume. This enhances the potential in developing a \u2018hub and spoke\u2019 mining project\u201d.<\/p>\n

Marsfontein, which was jointly operated by De Beers and SouthernEra, a Canadian firm, recouped its capital investment in less than four days.<\/p>\n

Botswana Diamonds is studying mining options for the kimberlite complex. No assessment of potential diamond grade has been made at this stage, the company said. Shares in Botswana Diamonds were just over 11% higher in London today valuing the company at \u00a38.75m.<\/p>\n

In August last year, Botswana Diamonds bought Gem Diamonds\u2019 Ghaghoo mine in central Botswana for $4m in cash through a joint venture deal with partner Vast Resources.<\/p>\n

\u201cWe believe there are significant opportunities to improve Ghaghoo\u2019s operating and financial performance through both the application of new and optimisation of existing technologies along with a strongly recovering diamond market,\u201d said James Campbell, MD of Botswana Diamonds at the time.<\/p>\n

Teeling has been forthright about his style as a mineral explorer. \u201cI\u2019m a prospector, an early stage explorer. It\u2019s extremely high risk and I hear people talking about \u2018high risk\u2019 expecting that it also means \u2018high return\u2019, but what it really means is that you are going to lose your money most of the time,\u201d he said at a mining conference in 2017.<\/p>\n

\u201cI sell hope, not hard fact. I sell mystery, not history. That\u2019s what exploration is. Nobody knows what lies two miles into the ground.\u201d<\/p>\n

Having said that it was Teeling, in partnership with Campbell, who discovered the AK6 prospect in Botswana which was sold to Lucara Diamonds and is now known as Karowe that\u2019s produced some of the world\u2019s largest diamonds.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. BOTSWANA Diamonds said an early assessment of its South African kimberlite prospect Thorny River resembled Marsfontein \u2013 one of the richest diamond mines in the world during its short operating life between 1999 and 2000. It was closed in 2002. Based on a preliminary study of Thorny River\u2019s content an estimated two […]<\/p>\n","protected":false},"author":84,"featured_media":1099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,12,16],"tags":[233,237,234],"class_list":["post-1100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nBotswana Diamonds gains 11% as excitement grows for SA prospect Thorny River - Botswana<\/title>\n<meta name=\"description\" content=\"BOTSWANA Diamonds said an early assessment of its South African kimberlite prospect Thorny River resembled Marsfontein \u2013 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana Diamonds gains 11% as excitement grows for SA prospect Thorny River\" \/>\n<meta property=\"og:description\" content=\"BOTSWANA Diamonds said an early assessment of its South African kimberlite prospect Thorny River resembled Marsfontein \u2013 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-13T13:31:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-13T14:20:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/01\/img-61e035294f7e2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1245\" \/>\n\t<meta property=\"og:image:height\" content=\"1245\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana Diamonds gains 11% as excitement grows for SA prospect Thorny River\",\"datePublished\":\"2022-01-13T13:31:26+00:00\",\"dateModified\":\"2022-01-13T14:20:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river\"},\"wordCount\":443,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/01\/img-61e035294f7e2.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"policy\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswana-diamonds-gains-11-as-excitement-grows-for-sa-prospect-thorny-river\",\"name\":\"Botswana Diamonds gains 11% as excitement grows for SA prospect Thorny River - 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