TORONTO, ONTARIO May 23rd, 2017 – Pangolin Diamonds Corp, (“Pangolin” or the “Company”) (TSX-V:PAN) is pleased to announce that it has reached an agreement with Umgeni Holdings International Limited (“Umgeni”) under which Umgeni has agreed to acquire a royalty interest in Pangolin’s Precious Stones Prospecting Licences located within the Central District of Botswana, as well as an area defined as the Adjacent Area of Interest for $600,000. Umgeni is a private company of which Christopher Jennings is a beneficiary of the sole shareholder.
News Release
Pangolin Provides Malatswae Diamond Project Update
TORONTO, ONTARIO March 16, 2017 – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update on the project advancement at Pangolin’s 100% owned Malatswae Diamond Project, Botswana, Africa.
The focus at the Malatswae Diamond Project has been on six separate kimberlite sources and geographic zones producing indicator minerals within a 30km x 20km area of the project. A total of sixteen +0.5mm diamonds have now been discovered in soil samples within these six zones. Three new diamonds not previously reported have been recently discovered, with one measuring +2mm in all directions, clear and white in colour. This extends the presence of diamonds as reported from soil samples by Pangolin Diamonds to six geographically different zones within the Malatswae Diamond Project.
The six zones are: # 1 (MSC area – 9 diamonds), # 2 (Block 333 area – 1 diamond), # 3 (Mal 157 area – 1 diamond), # 4 (007 area – 1 diamond), # 5 (MTS area – 3 diamonds) and # 6 (02T area – 1 diamond). Please refer to the map below.
Zone 1 – The MSC is an area covering 9 square kilometres, which has produced 9 diamonds from soil samples. The current focus is within a 2 square kilometre grid where 4 of the 9 diamonds and several other kimberlite indicators minerals have been discovered. The geological model of the area has been refined and the current programme consists of covering the grid with high density ground magnetics.
Zone 2 – Block 333 is an area covering 15 square kilometers, where a semi-detailed sampling programme has been completed. A total of 275 samples have been collected on a 250m x 250m grid covering the entire area. The samples are being treated and sorted at present. A new diamond has been discovered in one of the samples. In addition to the diamond, ilmenite, garnet and olivine have been reported from soil samples. The aeromagnetic data is being assessed prior to detailed, high density groundmagnetic surveys being undertaken over selected target areas.
Zone 3 – The Mal 157 is an area covering 6 square kilometers, characterised by a single large diamond. A soil sample grid has been established to extend the soil sampling density of the area. A review of the aeromagnetic data in the area has revealed the presence of a large regional fault, believed to possibly hosting the source of the MAL 157 diamond. In addition to the expanded soil sampling programme, a defined grid is being subjected to a high density groundmagnetic survey.
Zone 4 – The 007 is an area covering 4 square kilometers, where a historical sample containing an anomalous concentration of kimberlite indicators (ilmenite, garnet and clinopyroxene) is being followed up with soil sampling and ground magnetics. The initial results from the soil sample grid has produced one new diamond. The diamond is white and is over 2 millimeters in all axis directions. This is the largest diamond recovered by Pangolin to date. A programme of additional soil sampling and an expansion of the current detailed groundmagnetic survey is being implemented.
Zone 5 – The MTS is an area covering 0.18 square kilometres. This grid is being covered by a detailed directional soil sampling programme with a soil sample density of 20m x 20m. The sampling programme is in progress. An assessment of the surface areas of indicators recovered from this focal area suggest a local source. Three diamonds have been reported from the MTS grid.
Zone 6 – 02T is an area covering 2 square kilometers, represented by an aeromagnetic anomaly which was selected for investigation from the available aeromagnetic data over the Malatswae Project area, after processing the data with the use of a ternary derivative. The aeromagnetic anomaly was initially followed up on the ground with orientation samples, three of which returned positive results including one new diamond. The position of the anomaly was confirmed with an orientation groundmagnetic survey, which was followed up with a high density groundmagnetic survey and a more detailed soil sampling programme. One of the samples situated on the aeromagnetic anomaly has produced a diamond. The processing of the remainder of the samples is in progress.
Botswana has experienced a most unusual heavy rain season. The wet conditions have adversely affected the soil sampling programme progress in terms of access to certain areas. The heavy rain has not affected processing of soil samples through the DMS plant and the detailed ground magnetics.
The Company’s treasury is fully funded to complete the above described exploration programmes.
The Company also announces that its board of directors have approved the granting of 150,000 options under its Stock Option Plan to an employee, each share under option having a 5 year term and an exercise price of $0.10.
Quality Control and Quality Assurances
Quality assurance procedures, security, transport, storage, and processing protocols conform to chain of custody requirements.
The technical disclosure in this news release has been reviewed and approved by Dr. Leon Daniels, BSc., BSc. Honours Geology, PhD and a Qualified Person as defined by National Instrument 43-101.
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PANGOLIN DIAMONDS CORP. – CONTACT INFORMATION
Scott Young, Investor Relations
Phone: +1.705.888.2756
Email: syoung@pangolindiamonds.com
Graham C. Warren, Chief Financial Officer
Phone: +1.416.594.0473
Fax: +1.416.594.1630
Email: gwarren@pangolindiamonds.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 Reports On Drilling at Motloutse Diamond Project, Botswana
- This area covers where the first diamonds in Botswana were discovered
- Several targets were drilled and no kimberlite was intersected
- The anomalous kimberlite indicators associated with the drill targets are unexplained and being followed up with additional sampling.
- A soil sampling and geophysical survey programme is in progress to identify additional target areas.
TORONTO, ONTARIO (September 16 , 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is providing an update from the latest drill programme at the Company’s wholly-owned Motloutse Diamond Project (“Motloutse”), located 150 km east of the Orapa Diamond Mine in Botswana. Continue reading
Pangolin Begins Drilling Kimberlite Targets at Motloutse Diamond Project, Botswana
- The drilling of five kimberlite targets to commence July 27, 2016
- The area covers where the first diamonds in Botswana were recovered in 1959; their sources have never been discovered
- Kimberlite targets include AGA-01 and MG-08 as previously announced
- Malatswae Diamond Project will be drilled in the second half of 2016 with funds currently in the Company’s treasury
TORONTO, ONTARIO (July 26, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update for the Company’s wholly-owned Motloutse Diamond Project (“Motloutse”), located 150 km east of the Orapa Diamond Mine in Botswana. A percussion drill programme will commence on July 27th and is anticipated to be completed within the next two weeks. Results from the drill programme will be announced once all material submitted to laboratories in Canada have been analyzed. Continue reading
Pangolin Diamonds to Drill Kimberlite Targets at Motloutse Diamond Project, Botswana
- The Motloutse Diamond Project covers the area where the first diamonds in Botswana were recovered in 1959
- The AGA-01 drill target is an aeromagnetic and gravity anomaly associated with positive sub-angular kimberlite indicator minerals recovered at surface
- Additional kimberlite targets are also being developed for the drill program
- It is anticipated the drill program will be completed before the end of July 2016
TORONTO, ONTARIO (May 31, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update for the Company’s wholly-owned Motloutse Diamond Project (“Motloutse”), located 150 km east of the Orapa Diamond Mine in Botswana. Several aeromagnetic anomalies have been selected for follow-up with soil sampling, ground magnetic and gravity surveys to identify kimberlite drill targets. This program is nearing completion. Continue reading
Pangolin Discovers Two More Diamonds at Its Malatswae Diamond Project, Botswana and Provides Update
- A total of ten diamonds have been recovered from soil samples
- Nine of the ten diamonds are white in colour
- Three detailed grids are the current area of focus
- Five of thirty anomalies drill tested as potential kimberlite diamond sources
- Six more licenses added to the project area
TORONTO, ONTARIO (March 7, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce it has recovered two more diamonds from the Company’s wholly-owned Malatswae Diamond Project (“Malatswae”) for a total of ten to date. Nine of the diamonds are white in colour. The project area is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds in Botswana. Continue reading
Pangolin Receives Positive Results from Completed Ground Penetrating Radar Survey at Malatswae Diamond Project, Botswana
- Ground Penetrating Radar (GPR) surveys over additional kimberlite targets completed
- Survey results over several targets indicative of the presence of intrusions
- Close spatial association between GPR indicated intrusive and anomalous soil sample
- Gravity surveys to be conducted over several kimberlite targets
TORONTO, ONTARIO (September 23, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce it has received positive ground penetrating radar (GPR) survey results for the Company’s wholly-owned Malatswae Diamond Project (“Malatswae”), located 90 km southeast of the Orapa kimberlite field in Botswana. Continue reading
Update for the Botswana Exploration Projects – DMS plant and soil sampling
Highlights
- 1 TPH DMS plant is now processing soil samples from six project areas
- A total of 362 soil samples to be processed
- Detailed grid sampling of priority kimberlite targets at Malatswae Project
- An additional Prospecting licence awarded contiguous with Jwaneng South Project
TORONTO, ONTARIO (July ,29 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update for the Company’s wholly-owned Diamond Projects, located in Botswana. Continue reading
Update for the MAL157 Diamond, Malatswae Diamond Project, Botswana
Highlights
- Observed corrosion is likely related to wind-blown sand
- Fragile iron oxide coating is intact over most of the diamond
- Features are consistent with minimal transport from a proximal source such as kimberlite
TORONTO, ONTARIO (June 2, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update for the fourth diamond recovered from a soil sample at the Company’s wholly-owned Malatswae Diamond Project, located 90 kilometres southeast of the Orapa Mine in Botswana. Continue reading
Pangolin Receives Additional Prospecting Licences at the Malatswae Diamond Project, Botswana
Highlights
- Malatswae Project increases in size from 1,058 km2 to 2,480 km2
- Prospecting licences granted for an initial three years
TORONTO, ONTARIO (April 7, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce the grant by the Government of Botswana of three additional Prospecting Licences (or “PL”) for precious stones (diamonds) at the Company’s wholly-owned Malatswae Diamond Project located 90 kilometres southeast of the Orapa Diamond Mine. The licences are as follows: Continue reading
Malatswae Diamond Project Up-Date, Botswana
Highlights
- Anomalous number of kimberlite indicators found in soil samples
- Four white diamonds recovered in soil samples from two different areas
- MSC Grid area being reviewed in advance of the next drilling phase
- Two additional areas of anomalous concentrations of kimberlite indicators being considered for follow-up exploration
TORONTO, ONTARIO (March 3, 2015) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an up date for the Company’s wholly owned Malatswae Project in Botswana. Continue reading
Pangolin Discovers a Second Diamond Area Malatswae, Botswana
Highlights
- Octahedral diamond recovered in regional soil sample MAL-157;
- Fourth and largest diamond recovered to date at Malatswae;
- From a second, separate area within the Malatswae project.
TORONTO, ONTARIO (January 13, 2015) – Pangolin Diamonds Corp. (TSX- V: PAN) (the “Company” or “Pangolin”) announces that it has recovered its fourth and largest diamond at the Malatswae project (100% owned).
Pangolin Receives Positive In-fill Surface Sampling Results from its Malatswae, Botswana
Highlights
- Sample MSCc154 recovered an intact fragment of garnet peridotite;
- Thirteen indicator minerals from nine additional samples have primary features including friable reaction mantles and possible adhering kimberlite;
- The grains are from two separate source areas in close proximity to the previously reported diamonds; and
- All indicator minerals exhibit features consistent with a proximal host rock such as kimberlite.
TORONTO, ONTARIO (November 7, 2014) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that it has received results from the Company’s recently completed detailed surface sampling program at its wholly owned Malatswae Project in Botswana, showing the recovery of additional kimberlite indicator minerals. Continue reading
Pangolin Diamonds 