TORONTO, ONTARIO — (Marketwired) — 09/18/13 — Editors note: There is a photo associated with this release.
Pangolin Diamonds Corp. (TSX VENTURE: PAN) (the „Company“ or „Pangolin“) is pleased to announce the discovery of a volcanic intrusion with diamond-inclusion type ilmenites (the „SWS-21“), located in the Company-s 100% owned Mmadinare Diamond Project (the „Project“) in northeastern Botswana. This is one of the four Project Areas for which Pangolin has exploration licences. An update and overview of Pangolin-s Tsabong and Jwaneng Project Areas will be released in the coming weeks.
Mmadinare Project Highlights include:
Pangolin is continuing exploration work on the SWS-21. A team is currently on site excavating trenches to delineate the surface area. The team will dig at least three exploration pits to a minimum 5 metre depth and process at least 100 tonnes of material through Pangolin-s Dense Media Separation plant. The concentrate will be sent to an independent laboratory for the possible recovery of macro-diamonds. In addition, sampling will be conducted to locate the source of the Mn-ilmenites recovered from stream sediment soil samples.
Dr Leon Daniels, B.Sc., Ph.D., Chairman of Pangolin, stated, „The discovery of the SWS-21 intrusion Mn-ilmenites, similar to those reported as diamond inclusions from Brazil, is a significant development for our Mmadinare Diamond Project, where our focus is to discover near-surface, high grade diamondiferous kimberlites for in-house diamond production. The team on the ground is highly motivated by these positive results.“
About the Mmadinare Diamond Project
The Mmadinare Project is 1,345.6 square kilometers in size and located in the north-eastern portion of Botswana. It has geobotanical features similar to known kimberlites.
There are similar geological environmental indicators to known mines such as Venetia, the Oaks, Martinsdrift, and River Ranch.
About Pangolin Diamonds Corp.
Pangolin Diamonds Corp. is building a leading diamond exploration and development company in the heart of Botswana, the world-s leading diamond producing country by value. The Company is the 100% owner of 11 Prospecting Licences covering 5,307 km2, including the Tsabong North, Jwaneng South, Malatswae and Mmadinare Projects. Pangolin-s management and team leaders have over 135 years of combined diamond exploration experience in southern Africa. This makes the Company the most experienced diamond explorer in Botswana other than De Beers Exploration and Debswana. The Company is equipped for exploration, with two diamond drill rigs and a fully portable one-tonne per hour Dense Media Separation Plant used to prepare samples and make diamond concentrates. Pangolin is well-funded to continue its exploration programs for the next year.
For more information on Pangolin Diamonds Corp, please go to: .
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References:
Kaminsky, F.V., Zakharchenko, O.D., Davies, R., Griffin, W.L., Khachatryan-Blinova, G.K., Shiryaev, A.A. (2001) Superdeep diamonds from the Juina area, Mato Grosso State, Brazil. Contributions to Mineralogy and Petrology, v. 140 (6), p. 734-753.
Kaminsky, F.V., Belousova, E.A. (2009) Manganoan ilmenite as kimberlite/diamond indicator mineral. Geologia i Geofizika (Russian Geology and Geophysics), v. 50 (12), p. 1212-1220.
Kaminsky, F.V., Khachatryan, G.K., Andreazza, P., Araujo, D., Griffin, W.L. (2009) Super-deep diamonds from kimberlites in the Juina area, Mato Grosso State, Brazil. Lithos, v. 112S (2), p. 833-842.
Cautionary Statements regarding Diagem Inc.-s Technical Report NI 43-101 F1 on exploration results and resource estimates:
Mineralization on adjacent properties is not necessarily indicative of mineralization on a subject property.
The technical disclosure in this news release has been reviewed and approved by Dr. Leon Daniels, Ph.D., Member of AIG, Chairman of the Board of Pangolin, and a Qualified Person under National Instrument 43-101 rules.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Pangolin Diamonds Corp. Scott Young Investor Relations +1.416.488.1370
Pangolin Diamonds Corp. Graham C. Warren Chief Financial Officer +1.416.594.0473 +1.416.594.1630 (FAX)
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