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Pangolin Diamonds Starts Drilling at Jwaneng South Project
Oct. 07, 2013 04:24PM PST
Diamond InvestingPangolin Diamonds Corp. (TSXV:PAN) announced that it has begun diamond-core drilling at its Botswana-based Jwaneng South project. Twenty drill-ready kimberlite targets have been identified at the project since 2011.
Pangolin Diamonds Corp. (TSXV:PAN) announced that it has begun diamond-core drilling at its Botswana-based Jwaneng South project. Twenty drill-ready kimberlite targets have been identified at the project since 2011.
Highlights of GK6, the initial kimberlite target being drilled at the project, include:
- GK6 is a large circular feature highlighted by a high density vegetation anomaly spanning an area of 1.5 km in diameter. This feature can be seen clearly with Google EarthTM;
- The GK6 aeromagnetic drill target covers 120 hectares. It is twice the size of DeBeers’ Jwaneng Mine when first discovered in 1972 and approximately the same size as their Orapa Mine when first discovered in 1967. The Jwaneng Mine is the world’s richest diamond mine by value and contributes 60% – 70% of Debswana’s annual revenue. The Orapa Mine is the second largest diamond producing kimberlite pipe in the world;
- Aeromagnetic surveys indicate the formation is near surface; and
- Gravity lows at GK6 are the same to those associated with the Jwaneng Mine diamondiferous kimberlites.
Click here to read the full Pangolin Diamonds Corp. (TSXV:PAN) press release.