Pangolin Discovers Second Area With a Micro-Diamond at Its Mmadinare Project, Botswana
16 Abril 2014 - 8:00AM
Marketwired
Pangolin Discovers Second Area With a Micro-Diamond at Its
Mmadinare Project, Botswana
TORONTO, ONTARIO--(Marketwired - Apr 16, 2014) - Pangolin
Diamonds Corp. (the "Company" or "Pangolin") (TSX-VENTURE:PAN)
today reported on a second diamond positive area of soil sample
results from its 100%-owned Mmadinare Diamond Project (the
"Project") in north-east Botswana.
Highlights:
- Pangolin discovers one additional micro-diamond and 281
ilmenite grains from 33 soil samples collected by Pangolin field
teams within "Block 2" of the Project, which follows earlier
sampling;
- Block 2 is targeting kimberlites approximately 60 kilometers
east of the Block 1 area where Pangolin reported in an April 9.
2014 news release the discovery of a first micro-diamond in a soil
sample;
- Samples were processed by Pangolin through its Dense Media
Separation ("DMS") plant, and the diamond concentrates recovered
were then observed by an independent diamond and indicator mineral
specialist.
The Block 2 area targeting kimberlites is approximately 2 km2 in
size and is associated with a weak magnetic low airborne feature.
The samples were collected on a 200 meters by 200 meters grid
spacing. Individual samples are collected from the top two
centimeters of the soil within a 25 meter radius of a GPS control
point. In the field, soils were screened using a +2 millimeter
screen mesh to remove most of the organic debris until
approximately 20 kilograms were obtained. In the Mmadinare area the
-2 millimeter fraction is strongly influenced by the underlying
geology. The samples were then transported from the field to the
DMS facility in Francistown, Botswana for processing.
The recovered diamond, sample MC30-63, has a maximum dimension
of under 0.5 millimeters and is therefore defined as a
micro-diamond.
The 281 ilmenite grains, an exceptional number of grains from so
few samples, will be sent for Microprobe Analysis to characterize
their provenance as either crustal, kimberlitic or lower mantle in
origin. The micro-diamond was recovered from a sample that also
contained eight (8) ilmenite grains. The Microprobe Analysis is
expected to further refine the pattern observed. The results will
be reported when received in the coming months.
The high concentration of ilmenites is considered to be very
significant and demonstrates a need for additional sampling and
pitting of the anomalous area. This work will begin shortly.
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 Mmadinare Diamond Project
The Mmadinare Project, located in northeast Botswana, is 1,345.6
square kilometers in size. It contains similar geological
environmental indicators to known mines such as Venetia, the Oaks,
Martinsdrift and River Ranch.
As reported in the September 18, 2013 news release, Pangolin
previously discovered 5 Manganese-rich (manganoan) ilmenites within
a volcanic intrusion (the "SWS-21") in the Project Area.
Manganese-rich diamond-inclusion type ilmenites are known to be
associated with diamondiferous kimberlites and diamonds.
The enzyme-leach trace element chemistry from the SWS-21,
identified by independent lab analysis, is identical to
diamondiferous kimberlites in the Jwaneng area, Botswana. Also as
reported, multiple diamond-inclusion type manganoan ilmenites were
recovered from soil samples collected in a different part of the
Project Area.
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 have
over 100 years' of combined diamond exploration experience. This
places the Company as one of the most experienced diamond explorers
in Botswana. 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.
For more information, please refer to
www.pangolindiamondscorp.com.
Follow us on Twitter: @pangolindiamond
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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