Pangolin Recovers Two Additional Diamonds and 210 Kimberlite Indicators Within MTS Grid

May 3, 2016

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Pangolin Diamonds (TSXV:PAN) has reported an update on its exploration program at the MTS Grid in Botswana.  Thirteen diamonds have been reported from the Malatswae Diamond Project, with the last three derived from the MTS Grid.

As quoted in the press release:

The two latest diamond finds are from two samples collected less than 110 metres apart, and approximately 600 metres west of the first diamond reported from the MTS Grid (see news release March 21, 2016). The diamond from sample MTS-DG-187 is a colorless clear broken macle of approximate dimensions of 1mm x 1mm x 0.5mm. Sample MTS-DG-133, located 110 meters to the northeast, contains an off-white broken diamond aggregate with approximate dimensions of 1mm x 0.8mm x 0.5mm. Both diamonds have orange to brown secondary iron oxides filling cracks and crevices. Images of the diamonds can be seen at the Company’s website, pangolindiamonds.com.

In addition to the 177 kimberlite indicators previously reported (see news release March 29, 2016), an additional 210 indicators have been recovered for a total of 390 kimberlite indicators (including the three diamonds) from the MTS Grid. Morphology and surface texture analysis of the garnets previously reported that the majority have surface textures consistent with a proximal source. The distribution of the diamonds and the garnets suggest at least three different sources within the MTS Grid.

A detailed magnetic survey over the entire grid that began last month is presently being assessed, with infill gravity to be conducted once sampling is complete. Approximately sixty percent of the new samples have been processed.

A synthesis of all the MTS Grid soil sample results, indicator surface feature interpretations, and geophysical data will be integrated towards selecting future drill targets, with drilling to take place in mid-2016.

Click here for the full press release.

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Category: Gem