Pangolin Diamonds (TSXV:PAN) has announced an update on its wholly-owned Motloutse Diamond Project in Botswana.
As quoted in the press release:
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.
The MG-08 kimberlite target is a near surface oval anomaly with a projected 8 – 10 metres of cover. The presence of the target was confirmed using ground magnetic and detailed soil sampling consisting of 225 samples within a grid area measuring 700 metres by 1,400 metres. Sub-angular kimberlite indicator garnets with sculptured surfaces denoting proximity to source were optically identified from soil samples collected directly over the target area.
Additional kimberlite targets are still being developed as the data is being processed and interpreted. Once all the results have been interpreted, the drill program will commence. It is anticipated that the percussion drill program will be completed before the end of July 2016.
The Motloutse Diamond Project covers the area where the first diamonds in Botswana were recovered in 1959. It also includes the location where De Beers discovered its first diamonds in Botswana in 1962. The kimberlite source(s) of these diamonds have never been located.
Click here to read the full press release.
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