Pangolin Recovers Mantle Indicator Minerals from Magi Kimberlite Drill Core, Botswana
25 Fevereiro 2014 - 9:00AM
Marketwired
Pangolin Recovers Mantle Indicator Minerals from Magi Kimberlite
Drill Core, Botswana
- Mantle-derived grains recovered from sandy tuffs at 44 to 58
meters depth at Magi 001
- Garnets include high-pressure G9 pyrope from diamond-stability
field
- Other garnets classified as G3, G5 and G11 by an independent
laboratory
- Chromite compositions from garnet lherzolite are also
present
TORONTO, ONTARIO--(Marketwired - Feb 25, 2014) - Pangolin
Diamonds Corp. (the "Company" or "Pangolin") (TSX-VENTURE:PAN)
announces it has recovered mantle-derived indicator minerals from
the Magi kimberlite from drill hole Magi-001, at its 100%-owned
Tsabong North Project in Botswana. Pyrope garnet, forsterite and
chromite with mantle chemistries were recovered from kimberlitic
sandy tuffs at 44 to 58 meters inclusive, as well as from the
overlying sandstones from 15 to 37 meters depth. The pyrope garnets
are similar to the 45 mantle derived garnets previously reported
from glauconitic sandstone overlying the Magi kimberlite, having
high-pressure G9 compositions associated with diamond-stable
conditions in the mantle (see news release, March 26,
2013).
Fourteen samples were collected from vertical drill hole
Magi-001, which intersected sandstone from 15.06 to 33.04 meters
(m), mudstone from 33.04 to 41.28 m, and kimberlitic sandy tuffs
from 41.28 m to the end of the hole at 76.26 m. Intervals of sandy
tuff from drill hole Magi-002 (103.67 to 114.29 m) and from drill
hole Magi-003 (61.45 to 75.35 m) were also sampled. The drill core
was split and the splits were shipped to CF Mineral Laboratories
Inc. (Kelowna, B.C.) and to the MSA Group (Johannesburg, S.A.) for
heavy mineral separation and analysis. Independent assessment by CF
Minerals reported a number of high-pressure G9 pyrope garnets
associated with the diamond stability field (the area of the
Earth's mantle with the heat and pressure required to produce
diamonds). Other garnets in the sample are classified as G3, G5 and
G11 mantle-derived pyrope according to the CF Minerals
classification scheme. In-house assessment of chromite compositions
indicates that they are consistent with derivation from garnet
lherzolite. Collectively, the results confirm that the Magi body is
kimberlitic in nature and has sampled the mantle lithosphere at
depths conducive to diamond formation. Chromite grains were
identified in the MSA Group samples and additional analyses are
pending. Thirteen additional core samples from the Magi-005 were
also selected for microdiamond analysis.
The Company wishes to announce that Manfred Marx has retired.
His contribution to the industry cannot be adequately described.
The Company sincerely wishes him an enjoyable retirement and thanks
him for his contribution to the Pangolin program.
Dr. Leon Daniels was quoted as saying "we are pleased with
results and progress at the Magi kimberlite" and "we wish Manfred
all the best in his retirement and thank him for his valuable
contribution to the Company."
The technical disclosure in this news release has been reviewed
and approved by Dr. Leon Daniels, Ph.D., Member of AIG, Chairman of
the Board of Pangolin Diamonds, a qualified person as defined by
National Instrument 43-101.
About the Tsabong North Project
The Tsabong North Project, located approximately 100 km north of
the town of Tsabong in south-western Botswana, is 1,545 km2 in
size. It encloses anomalous concentrations of kimberlite indicators
and has large geo-botanical features. The Company's first discovery
at Tsabong North is the Magi kimberlite, which has been confirmed
over a distance of 1,200 metres in an east-west direction and 400
metres to the north. To date, six diamond drill holes are completed
on the Magi kimberlite. All holes intersected sandy kimberlitic
tuff attributed at this time to crater sediments, and host to
mantle-derived indicator minerals recovered in the Company's
exploration sampling programs. Mantle-derived minerals including
high-pressure diamond indicator G9 garnets and chromite derived
from garnet lherzolite were recovered from the drill core of
Magi-001. The garnets are similar in chemical composition to the
garnets from the Letlhakane Mine in the Orapa area. Pangolin has
identified more than 50 drill-ready aeromagnetic targets in the
Project area, several of which have surface areas exceeding 20
Hectares (0.2 km2). Associated with a number of these anomalies are
indicator minerals, some with remnants of kelyphite that indicate
close proximity to kimberlite.
The Company cautions that information regarding the Orapa
kimberlites, and Letlhakane Mine or Orapa Mine or Jwaneng
kimberlites, are not necessarily indicative of the kimberlite or
kimberlite targets being drilled by the Company. The Company
further cautions that there is no guarantee that the kimberlite
and/or kimberlite targets being drilled by the Company will return
diamond results of any economic significance.
About Pangolin Diamonds Corp
Pangolin Diamonds Corp. is building a leading diamond
exploration and development company in the heart of Botswana, the
world's leading diamond producing country by value. The Company is
the 100% owner of four separate projects throughout Botswana
inclusive of the Tsabong North, Jwaneng South, Malatswae and
Mmadinare Projects. Pangolin's management and team leaders has over
+100 years of combined diamond exploration experience in southern
Africa. This places the Company as the most experienced diamond
explorer in Botswana excepting De Beers Exploration and Debswana.
The Company is equipped for exploration, with two diamond drill
rigs and a fully portable one-tonne per hour Dense Media Separation
Plant used to prepare samples and make diamond concentrates.
Pangolin is funded to continue its exploration programs into
mid-2014.
For more information, please refer to
www.pangolindiamondscorp.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Pangolin Diamonds Corp.Scott YoungInvestor
Relations+1.416.488.1370scott@pangolindiamondscorp.comPangolin
Diamonds Corp.Graham C. WarrenChief Financial
Officer+1.416.594.0473+1.416.594.1630gwarren@pangolindiamondscorp.comwww.pangolindiamondscorp.com
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