Yep. Catmandoo has done a number of them to do just that. Maybe not exactly that same design, but he's put in a number of sediment ponds to keep the main pond from filling in. He makes sure that the sediment pond is easily cleaned out.

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3/4 to 1 1/4 ac pond LMB, SMB, PS, BG, RES, CC, YP, Bardello BG, (RBT & Blue Tilapia - seasonal).