Feb 01, 2018

Pangolin Targets Several Kimberlites for Drilling at Malatswae and Moenyenana Diamond Projects

Pangolin Diamonds Corp. has announced a drill programme to be taken up in the near future  at the Company’s wholly-owned Malatswae and Moenyenana Diamond Projects in Botswana.

“Pangolin has been working on developing new drill targets at these projects for the past eight months,” the Company elaborated. “Work included the collection of over 2,400 soil samples that averaged 60 litres in size, as well as processing them through the Company’s DMS plant and extensive ground magnetic and VLF (very low frequency) surveys.”

Pangolin said it will announce the drill results by the end of the second quarter once the samples have been “analysed and confirmed” by a qualified laboratory. The Company also clarified that the drill programme is fully funded.

“Dr. Chris Jennings assisted the Company’s management with the process of identifying new pipe targets,” the Company revealed. “He purchased a 1.3 % royalty from the Company in May, 2017. Dr. Jennings and his exploration team’s diamond mine discoveries include Diavik in Canada, Ghaghoo in Botswana, Klipspringer and Marsfontein in South Africa.”

The Malatswae Diamond Project, spread over 1,836 square kilometres, is located about  60 km southeast of the productive Orapa Diamond Fields. “A total of 25 diamonds have been recovered from soil samples, with the largest measuring 4mm x 3mm x 2mm, with good colour,” Pangolin reported. “Over 750 kimberlitic indicator minerals, including G10 garnets and ilmenites, have been collected. Soil sampling, ground magnetics and analysis is ongoing.”

The Moenyenana Diamond Project covers 5,061 square kilometres, and is located between Pangolin’s Malatswae and Motloutse Diamond Projects. Here, an extensive soil sampling and ground magnetics programme continues, the Company stated.

Pangolin Chairman Gareth Penny commented: “We are extremely encouraged by the team’s hard work in identifying these targets and look forward to a successful drill programme.”