— Manganese-rich diamond-inclusion type ilmenites, known to be associated with diamondiferous kimberlites and diamonds. — Discovered volcanic intrusion believed to be a kimberlite. — Trace element chemistry identical to diamondiferous kimberlites in the Jwaneng area, Botswana. — Multiple diamond-inclusion type ilmenites also recovered from exploration soil samples in the Mmadinare Project.
— New kimberlite found at Tsabong North Project has +20 hectare aeromagnetic anomaly — Manfred Marx led field team that discovered De Beers- Orapa Diamond Mine, with $1B of annual sales –Volcanic micaceous sandy tuff present with inclusions of pyrope garnets, chromites, autoliths, and mantle xenolith fragments
Pangolin-s Jwaneng South Project has additional kimberlite indicators that include: – Garnets discovered in soil samples; – Trace element analysis identical to diamondiferous kimberlites from the Jwaneng area; – Several large aeromagnetic anomalies commonly associated with kimberlites; and – An isolated ground gravity low similar to that observed over the Jwaneng Diamond mine kimberlites.
– Kimberlite discovered at Tsabong North Project has a +20 hectare aeromagnetic anomaly associated with it – Two additional diamond drill core holes will be completed to intersect a minimum of 100 meters of kimberlite – Additional undrilled kimberlite targets in the project area have the same magnetic signature
Funds Primarily for Advancing Kimberlite Diamond Exploration Projects in Botswana
TORONTO, ONTARIO — (Marketwired) — 04/04/13 — Pangolin Diamonds Corp. (TSX VENTURE: PAN) (the "Company" or "Pangolin") has retained the services of Aberdeen Gould Capital Markets Ltd., an Exempt Market Dealer ("Aberdeen"), to lead and arrange a non-brokered private placement offering (the "Offering") of up to 4,200,000 units of the Company at a price of $0.30 per unit, for gross proceeds of up to $1,260,000.Each unit (a "Unit") will consist
– High pressure garnets recovered include G9s, suggesting close proximity to a diamondiferous kimberlite pipe – Garnets intersected near surface, at a depth of 22 metres – Drilling location is near M-1, the world-s largest diamondiferous kimberlite pipe
– Diamond drilling commenced on Tsabong North Project – Over 80 priority kimberlite drill-ready targets identified – Several priority targets exceed 20 hectares in surface area – Financing of $2.171 million completed to fund 2013 exploration activities
