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 potential0to 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.