GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

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Pangolin recovers 4 more diamonds from Botswana’s Magi, finds non at Mmadinare

29 september 2014
Pangolin Diamonds has recovered four more diamonds fr om its wholly-owned Magi target in Botswana, bringing to seven the number of diamonds that have been recovered fr om the target to date.
The company said in a statement that it had sent 10 samples from Tsabong North-Magi target to C. F. Mineral Research in Canada, which returned the four diamonds.
However, a further 17 samples of Magi drill core, submitted to Saskatchewan Research Council Geoanalytical Laboratories, returned no diamonds, it said.
Pangolin said the geologic description of the interval containing diamonds was described by C. F. Mineral as a tuff-sediment.
Drill hole Magi008 targeted a discrete circular magnetic high within the Magi target, while the total depth of the drill hole was 121.3 meters, it said.
“Further work is planned for the Magi to drill holes beyond the 100m vertical into two separate, discrete circular magnetic targets within the Magi,” the company said.
“Additional geophysical work is also planned.”
During the past nine months a series of airborne geophysical targets were drill tested at Tsabong North. To date the most significant discovery was the Magi area wh ere an apparently extensive kimberlitic tuff was intersected in eight drill holes.
Meanwhile, Pangolin said the results of diamond recovery analysis for 19 samples of the Mmadinare project-SWS21 drill core submitted to SRC reported no diamonds. The Mmadinare project, located in northeast Botswana, is 658.5 square kilometers in size.
It said ground work was continuing at the Mmadinare project wh ere a number of additional targets are being evaluated.
A large soil sampling programme was expected to begin late October following work at the Malatswae project.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished