Pangolin recovers eighth diamond from Malatswae, Botswana

Pangolin Diamonds has announced the recovery of eighth diamond from the Company’s wholly-owned Malatswae Diamond Project in an area of the project that is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds in Botswana. The new diamond is a white octahedral fragment with dimensions of roughly 1mm x 1mm x 1mm. It is one of four diamonds-three white and one brown- that have been reported from within an area of 0.32 km2.  Olivine, ilmenites with reaction rims and a mantle xenolith, in addition to the four diamonds, have also been recovered from the same area. 

Moreover, the renowned diamond company reported that a detailed gravity survey totaling 10.1 line kilometers with 344 measuring stations was completed over the 032 km2 area, and all four diamonds are associated with anomalous gravity features.  The largest gravity anomaly exceeds two hectares in surface area.  An unweathered kimberlitic olivine and a diamond have been recovered from samples directly over this gravity anomaly. Due to seasonal operational closure in Botswana, drill-testing of the anomalies is scheduled to commence in the second half of January 2016.