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AMN - BOTSWANA: Pangolin drills multiple diamond targets

Pangolin Diamonds Corp has started drilling multiple kimberlite pipe targets at its wholly-owned Malatswae and Moenyenana diamond projects in Botswana. Results are expected by the end of the second quarter once analysed and confirmed by a qualified laboratory.

The drill program is fully funded and all but one target has positive kimberlitic indicators recovered at surface including two with diamonds.

Pangolin has been working on developing new drill targets at these projects for the past eight months.

Work included the collection of over 2,400 soil samples that averaged 60 litres in size, as well as processing them through the company's DMS plant and extensive ground magnetic and very low frequency (VLF) surveys.

Malatswae consists of 1,836 square kilometres, and is about 60km southeast of the prolific Orapa Diamond Fields. A total of 25 diamonds have been recovered from soil samples, with the largest measuring 4mm x 3mm x 2mm, with good colour.

Over 750 kimberlitic indicator minerals, including G10 garnets and ilmenites, have been collected. Soil sampling, ground magnetics and analysis is ongoing.

Moenyenana consists of 5,061 square kilometres, and is between Pangolin's Malatswae and Motloutse projects. An extensive soil sampling and ground magnetics program continues.

Chairman Gareth Penny said: "We are extremely encouraged by the team's hard work in identifying these targets and look forward to a successful drill program."