Kweneng Project Highlights Include All 7 holes drilled intercepted the Main Dyke intrusive near surface
Longest drill intersection of 14 metres true width 120 metres of Main Dyke strike confirmed through drilling 52.5% of chromites recovered from soils indicative of diamond stability field
Soil sampling results indicate 1.5 kilometre strike length and remains open
Second Dyke discovered through drilling and running parallel Main Dyke
Dykes have been successfully mined in
A percussion drilling programme of 289 metres delineated the intrusive dyke previously identified in the
Samples from the boreholes will be processed through the in-house 1 TPH Dense Media plant for mantle indicators. Due to the small volumetric sizes of the individual samples diamonds are not expected to be recovered.
Dykes have been mined in
Soil sampling along the strike of the regional structural feature has produced mantle derived indicators on both sides of a drainage divide. Previously it was reported that 52.5% of chromites analyzed were classified as being derived from a 'diamond friendly' environment in the mantle.
A bi-mineralic chromite/garnet fragment of a mantle xenolith has been recovered from a soil sample on the opposite side of the drainage divide to the valley where the two dykes have been identified by the drilling programme. The shape and surface textures of the bi-mineralic fragment are indicative of a proximal source. The spread of the soil sample indicator anomaly along strike of the regional structure indicates that the dykes extend for a distance of at least 1.5 kilometres along strike of the regional structural feature.
A soil sampling programme is underway to determine the extent of the mantle indicator spread along the strike of the regional structure and possible pipe like intrusions. The soil sample results will be followed up by geophysical surveys to identify additional intrusions. The next drilling programme is planned for after all the soil sample programme and geophysical results are available.
Groundmagnetic surveys and orientation soil sampling have been completed over all 30 aeromagnetic targets in the
All 38 selected aeromagnetic targets selected for follow up on the ground have been covered by groundmagnetic surveys. The orientation soil sampling over these targets are in progress.
Three new Prospecting Licences have been issued to
The aeromagnetic survey data covering the three new licences have been assessed and aeromagnetic anomalies have been selected for groundmagnetic surveys and orientation soil sampling. The groundmagnetic surveys and soil sampling programmes are in progress.
Yashomann Industries Option Agreement
During the Option Period Pangolin Diamonds has the right to explore for kimberlites within PL280/2015 during which geophysical surveys, soil sampling and drilling will be employed towards kimberlite discovery. The indicator mineral suite of any discovered kimberlite will be analysed to determine the diamond window signature for the individual kimberlite. Depending on the results of the Option Period work programme Pangolin may elect to enter into a Joint Venture to explore the diamond potential of discovered kimberlites within PL 280/2015.
Pangolin is entitled to earn from Yashomann within an identified Project a 51% Participating Interest by essentially producing 500 carats of acidized +1.5 mm diamonds from the defined Project during the Joint Venture Phase 1 Work Plan. Any diamonds recovered during the Option Period will be considered part of the required 500 carats required to complete the Phase 1 Work Plan of the Joint Venture.
Pangolin is entitled to earn from Yashomann within an identified Project an 80% Participating Interest by completing the requirements of the Joint Venture Phase 2 Work Plan. The requirements for the Phase 2 Work Plan is to produce a bankable feasibility study for the Project.
The Option Period shall terminate at the earlier of the JV Operative date or July, 31 2021.
A total of 47 aeromagnetic targets within PL280/2015 were selected for groundmagnetic surveys. These surveys have been completed and are currently being assessed. Orientation soil sampling has been completed over 39 targets. Rain and elephants have hampered access to some of the targets and the targets located within
COVID-19
Periodic COVID-19 Zonal Lockdowns, inter Covid-19 Zonal movement authorizations, Government required social practices, prescribed work environment practices and periodic fuel shortages continued to have an impact on the exploration programmes.
AK10 Kimberlite Pipe
The decision has been made not to continue with the AK-10 project due to restrictive working conditions and no extension of the Option Agreement is expected.
Quality Control and Quality Assurances
Quality assurance procedures, security, transport, storage, and processing protocols conform to chain of custody requirements.
About Pangolin
Contact:
Email: gwarren@pangolindiamonds.com
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