Pangolin Reports No Kimberlites Found at Motloutse Project in Botswana

(IDEX Online) – Pangolin Diamonds Corp. reported that a percussion drill program was completed in August at its wholly-owned Motloutse Diamond Project, located 150 km east of the Orapa Diamond Mine in Botswana.

The material of interest has been analyzed by laboratories in Canada which have confirmed no kimberlite(s) was intersected.

The results from the drilling allowed for the elimination of certain types of magnetic anomalies to be excluded from future exploration programs providing for a more focused target selection.

The company still remains optimistic about locating kimberlite in the Motloutse Diamond Project. A follow up ground program including detailed soil sampling, gravity and ground magnetics is in progress in a continued effort to locate the sources of anomalous concentrations of positive kimberlite indicator minerals recovered at surface as previously announced.

In addition, an exploration program consisting of soil sampling and groundmagnetic surveys was initiated to specifically follow up the known diamond occurrences within the prospecting license area.

Motloutse 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.

Pangolin added that is fully funded to complete the exploration program.