TORONTO, ONTARIO June 6, 2017 – Pangolin Diamonds Corp, (“Pangolin” or the “Company”) (TSX-V:PAN) announces that it proposes to settle outstanding debt in the aggregate of $75,000.00 (the “Debt”) owed to two officers and one arm’s length creditor of the Company. The Company intends to issue an aggregate of 1,500,000 common shares (the “Debt Shares”) at a deemed price of $0.05 per share to settle the Debt in full (the “Debt Settlement”). The Debt Settlement is subject to the approval of the TSX Venture Exchange (the “TSXV”). The Debt Shares, if issued, will be issued in reliance on certain prospectus exemptions available under applicable securities legislation and will be subject to a hold period of four months and one day in accordance with applicable securities legislation and TSXV requirements. Continue reading
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.
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
Graham C. Warren, Chief Financial Officer
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.
TORONTO, ONTARIO (December 6, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce the closing of its previously announced non-brokered private placement financing (the “Offering”) of units (“Units”) for aggregate gross proceeds of $ 277,720. The Offering consisted of 4,628,666 Units at a price of $0.06 per Unit, with each Unit consisting of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $0.07 for a period of sixty (60) months from the date hereof. Continue reading
TORONTO, ONTARIO (November 30, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) announces that it intends to raise up to $300,000 by way of a non-brokered private placement financing (the “Offering”) of up to 5,000,000 units (“Units”) at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant will entitle the holder thereof to acquire one Common Share at a price of $0.07 for a period of sixty (60) months from the date of issuance. Continue reading
TORONTO, ONTARIO November 22 , 2016 – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce that it has filed a 43-101 technical report (“43-101”) on its Malatswae Diamond Project.
The 43-101 was prepared by iQuest under the supervision of Mr. Ian McGeorge MSc. C.Geol., qualified person. The full report may be viewed at www.sedar.com.
The following is a short summary of the work the Company is presently undertaking, or has undertaken, on its various projects. Continue reading
- 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
TORONTO, ONTARIO (August 15, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to announce that Gareth Penny has been elected to the board of directors (the “Board”) of Pangolin to hold the position of non-executive Chairman of the Board. Continue reading
- 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
- The MG-08 is an oval shaped target measuring approximately 4 hectares in size and the second kimberlite target confirmed within the project area
- It is a near surface and groundmagnetic anomaly
- Anomalous concentration of positive kimberlite indicator minerals recovered at surface
- The indicator minerals are characterized by surface textures indicative of their source to be close
- Several other targets are being developed over the next few weeks
- The Motloutse drill program is anticipated to be completed before the end of July 2016
- Drilling at the Malatswae Diamond Project is still on schedule for the second half of 2016
TORONTO, ONTARIO (June 13, 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 process identified MG-08 as the second kimberlite target in addition to AGA-01 previously announced (see May 31, 2016 release). Other targets are still being developed as the data is being processed and interpreted. Continue reading
- 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
- One of seven diamonds from the MSC Grid is a Type II diamond
- The Type II diamond is associated with three Type I ab diamonds in an area of 0.32km2
- The Type II diamond is also associated with ilmenites with reaction rims, a mantle xenolith fragment and fresh angular olivine, all indicative of a proximal source
- Drilling for kimberlite within the MSC Grid will take place in second half of 2016
TORONTO, ONTARIO (May 16, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to report that one of seven diamonds analysed from the MSC Grid in Botswana is a Type II nitrogen-free diamond. Approximately 2% of the world’s diamonds are classified as Type II diamonds.
Type II diamonds are often associated with the presence of large diamonds, for example the 813 carat and 1109 carat diamonds produced from the Karowe Mine by Lucara Diamonds are both Type II diamonds. The Karowe Mine is approximately 105 kilometres northwest from the MSC Grid area. Continue reading
- Two additional diamonds recovered within the 1.5 square kilometre MTS Grid
- The diamonds are from samples collected less than 110 metres apart
- A total of three diamonds from the grid supports the presence of at least two diamond-bearing occurrences
- Thirteen diamonds reported from the Malatswae Diamond Project to date
- A total of 390 kimberlite indicators recovered to date
- Three zones of anomalous indicators identified within the MTS Grid
- Drilling for kimberlite within the MTS Grid will take place in second half of 2016
TORONTO, ONTARIO (May 3, 2016) – Pangolin Diamonds Corp. (TSX-V: PAN) (the “Company” or “Pangolin”) is pleased to provide an update on its exploration programme at the MTS Grid in Botswana. The MTS Grid is a defined area of 1.5 km2 within the Company’s wholly-owned Malatswae Diamond Project, located 105 km southeast of the Karowe Diamond Mine operated by Lucara Diamond Corporation. Thirteen diamonds have now been reported from Malatswae, with the last three derived from the MTS Grid. Continue reading