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

Pangolin Reports Diamond Results from its Magi and SWS21 Targets , Botswana

Highlights

• Four diamonds recovered from Magi-008 drill core;
• A total of 7 diamonds have now been recovered from Magi target;
• High-pressure mantle derived garnet, ilmenite and olivine have previously been recovered from Magi drill core; and
• Ground geophysical surveys to define drilling target below crater material will follow.

TORONTO, ONTARIO (September 25, 2014) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces the receipt of the results of diamond recovery analysis for Tsabong North (the Magi target) and Mmadinare (SWS21 Intrusive target) projects in Botswana. Both projects are 100% owned by Pangolin.

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Pangolin Closes $718,000 Financing for its Diamond Projects in Botswana

Diamond Projects in Botswana

TORONTO, ONTARIO (May 15, 2014) Pangolin Diamonds Corp. (the “Company” or “Pangolin”) (TSX-V: PAN) is pleased to announce the closing of a non-brokered private placement financing for aggregate gross proceeds of $718,000 (the “Offering”). The Offering consisted of 7,180,000 units of the Company (each, a “Unit”) at a price of $0.10 per Unit. Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (each a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.20 for a period of two years from the date hereof. Continue reading

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)announcesit has recovered mantle- derived indicator minerals from the Magi kimberlite from drill hole Magi-001, at its 100%-owned Tsabong North Project in Botswana. Continue reading

Pangolin Diamonds Intersects 59 Metres of Kimberlite at One of the World’s Largest Kimberlites, in Botswana

  • Geophysical modeling suggests the Magi-Kimberlite at Pangolin’s Tsabong North Project in Botswana is a 270 hectare (2.7 km2) pipe
  • The new Magi-04 drill hole is 400 metres north of the Magi-01 drill hole, increasing the confidence level as to its size
  • Drilling at Magi-04 drill core intersects 59 metres of kimberlite at 35 metres below surface
  • This additional hole builds on earlier positive intersections at the same site
  • Company’s drill program is funded into mid-2014 Continue reading

Pangolin Diamonds Discovers One of the World’s Largest Kimberlites

  • Geophysical modeling suggests the Magi-Kimberlite at Pangolin’s Tsabong North Project in Botswana is a 270 hectare (2.7 km2) pipe
  • Drilling intersects the kimberlite across 1,200 metres at an average 35 metres below surface
  • New findings build on earlier discoveries at the same site: High pressure garnet indicators have previously been recovered 14 metres above the Magi-Kimberlite
  • Two new kimberlite drill targets in Tsabong North, both more than 170 hectares (1.7 km2), have been identified by the geophysical modeling Continue reading

Pangolin Diamonds Corp. updates shareholders on 2013 kimberlite diamond exploration activities in Botswana

  • Diamond drilling commenced on Tsabong North Project
  • Over 80 priority kimberlite drill-ready targets identified
  • Several priority targets exceed 20 hectares in surface area
  • Financing of $2.171 million completed to fund 2013 exploration activities

TORONTO, ONTARIO (CANADA) (March 25, 2013) — Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to update shareholders on the Company’s 2013 financing and kimberlite diamond exploration activities at the Company’s 100% owned Tsabong North, Jwaneng South, Malatswae and Mmadinare Diamond projects (the “Projects”) in Botswana, Africa.

Exploration activities 2008 to 2012

Prior to the reverse takeover transaction (the “Transaction”) announced on February 21, 2012 (see Key Gold Holding Inc. [TSX.V: KGH]0news release), Pangolin spent approximately $1 million to better delineate potential kimberlite targets. The Company completed airborne magnetics, detailed prospecting, soil sampling, pitting, trace element geochemistry and heavy mineral sample processing on all of its Projects. Through this process, more than 80 priority kimberlite drill targets have been identified and prioritized for future drilling;0of these,0over 50 are situated in the Tsabong North Project.

2013 financing completed

Pangolin successfully completed a financing that raised0$2.171 million during the Transaction process. These funds are being used for the Company’s02013 exploration activities.

Current and planned exploration activities in 2013

The recently raised funds have been allocated to the diamond drilling program, detailed ground magnetics and gravity surveys, and detailed soil sampling of the priority kimberlite targets. Diamond drilling has commenced at the Tsabong North Project. The Company has acquired two diamond drill rigs and a fully portable 1 tonne per hour Dense Media Separation Plant (or “DMS Plant”) capable of preparing samples and making diamond concentrates. Pangolin’s management and team leaders have over 90 years of combined diamond exploration experience in Southern Africa.

 

Pangolin’s Botswana diamond projects
Pangolin holds 11 Prospecting Licences in Botswana covering 5,307 km2. The Project Areas are all 100% owned and are situated in multiple locations including Tsabong North, Jwaneng South, Malatswae, and Mmadinare.

Link to map of Botswana and Pangolin’s Project locations : http://www.pangolindiamondscorp.com/pdfs/ PDC-Property-Map-Nov-2012.pdf

Tsabong North Project

The Tsabong North Project, located approximately 100 km north of the town of Tsabong in southwestern Botswana, is 1,545 km2 in size. It is comprised of anomalous concentrations of kimberlite indicators and has large geo-botanical features. Pangolin has already identified more than 50 drill-ready aeromagnetic targets in the Project area, several of which have surface areas exceeding 20 hectares. Exploration activities in the area are guided in part by the recommendations of a National Instrument 43-101 Technical Report prepared for the Project.

The Project is situated on the Archaean Kaapvaal Craton, immediately north of the diamondiferous Tsabong kimberlite field that hosts the M-1 pipe, the largest known diamondiferous kimberlite pipe in the world (www.firestonediamonds.com). Pangolin’s Chairman and its single largest shareholder, Dr. Leon Daniels, was part of the Falconbridge Team that developed the geological model of the 180 hectare M-1 pipe that was discovered in 1980. He0was also directly involved in the discovery of several new kimberlites in the Tsabong kimberlite field.

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, indicating0the 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 four0targets 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.

Malatswae Project

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 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.

Mmadinare Project

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.

Links: http://www.heritage.org/index/country/botswana

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: http://www.pangolindiamondscorp.com You can download the latest Corporate Presentation at

http://www.pangolindiamondscorp.com/pdfs/PAN-PPt-MineAfrica-2013.pdf

Contact Information

Graham C. Warren, Chief Financial Officer Phone: +1.416.594.0473
Fax: +1.416.594.1630
Email: gwarren@pangolindiamondscorp.com

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.

Click to download PDF:PAN Press Release-March26-2013 PAN News Release 25 3 2013

Key Gold Holding Inc. Announces Proposed Business Combination With Pangolin Diamonds Corp.

TORONTO, ONTARIO–(Feb. 21, 2012) – Key Gold Holding Inc. (TSX VENTURE:KGH) (the “Company” or “Key Gold”) is pleased to announce that it has entered into a letter of intent (the “LOI”) with Pangolin Diamonds Corp. (“Pangolin”), an Ontario private company, which outlines the general terms and conditions pursuant to which Key Gold and Pangolin would complete a transaction resulting in a reverse take-over of Key Gold by the shareholders of Pangolin (the “Proposed Transaction”). The LOI was negotiated at arm’s length and is effective as of February 20, 2012.

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