Pangolin's soil sampling has produced highly anomalous concentrations of kimberlite indicators within the Project area. Microprobe analyses of indicator minerals have confirmed the presence of G10 garnets, indicating the presence of a mantle conducive to the crystallization of diamonds. A number of indicators occur, including remnants of kelyphite that indicate close proximity to kimberlite. Enzyme-leach trace element results are consistent with orientation trace element results over known kimberlites near the Project.
Jwaneng South Project
The Jwaneng South Project is 799.4 km2 in size. It is situated 50 km south of De Beers' Jwaneng Mine, which is the richest diamond mine in the world, having produced 12.5 to 15 million carats per annum since 1982 (www.debswana.com).
The Project area has large geo-botanical features and includes four targets believed to cover more than 20 hectares each. Indicator studies, aeromagnetic work and trace elements support these high priority targets.
Rooikoppie alluvial gravels have been discovered in the south of the Project area. These alluvial gravels, which have not been previously reported in Botswana, are a well known source of diamonds in South Africa.
The Malatswae Project covers an area of 1,174 km2 and is located near De Beers' Orapa diamond mine. The primary targets identified are potential alluvial diamonds sourced from the Orapa Kimberlite Field (www.debswana.com). De Beers' Orapa mine is one of the largest open pit diamond mines in the world, producing 17.3 million carats in 2006 alone.
A review of past diamond exploration programs conducted by several companies over the past 25 years has identified a wide scatter of kimberlitic garnets over the Malatswae Project area (Botswana Department of Mines Library). The wide spatial distribution and chemistry of the garnets indicate the area's potential to be a new kimberlite field. This enhances the potential for discovery of other kimberlite sources in the Project area.
Pangolin has therefore developed dual objectives for exploration in the Malatswae Project: to discover economically viable alluvial diamond deposits; and to discover primary sources of diamonds within the project area such as diamondiferous kimberlites.
The Mmadinare Project is 1,345.6 km2 in size. It has multiple geo-botanical features similar to known kimberlites, several of which are closely associated with indicator minerals. De Beers has previously reported kimberlite indicators in the Project area (Botswana Department of Mines Library). The geological environment is similar to operating diamond mines including Venetia, the Oaks, Martinsdrift and River Ranch.
The technical disclosure in this news release has been reviewed and approved by Dr. Leon Daniels, B.Sc., Ph.D., Member of AIG, Chairman of the Board of Pangolin, and Mr. Jean Lafleur, B.Sc., M.Sc., P. Geo., an independent Director of the Company. Both individuals are Qualified Persons under National Instrument 43-101 rules.
About diamond mining in Botswana
Botswana is the largest diamond producing country in the world by value, supplying 21% of global rough diamond production. It is the location of the world's two largest diamond mines, Jwaneng and Orapa, and four non-De Beers diamond mines - Gem, Firestone, Lucara and Mantle. Diamonds were first discovered in Botswana in 1959 and the first kimberlites were discovered in 1967. Since then, over 275 kimberlites have been discovered in the country. With a long and well-established Mining Code, Botswana is rated by the Fraser Institute as the best country in Africa for mining. The country has the highest sovereign credit rating in Africa. Since gaining independence in 1966, Botswana has been governed by the Botswana Democratic Party in a multi-party democracy.
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 11 Prospecting Licenses covering 5,307 km2, including the Tsabong North, Jwaneng South, Malatswae and Mmadinare Projects.
Pangolin's management and team leaders have over 90 years of combined diamond exploration experience in Southern Africa. The Company is equipped for exploration, with two diamond drill rigs and a fully portable 1 tonne per hour Dense Media Separation Plant for sample preparation and making diamond concentrates.
Pangolin has 58,706,401 issued common shares outstanding.
Please visit our website at: www.pangolindiamondscorp.com.
You can download the latest Corporate Presentation at
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Pangolin Diamonds Corp.
Graham C. Warren
Chief Financial Officer
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