Pangolin Diamonds Corp. (CVE:PAN) told investors Wednesday that drill core samples from two holes drilled on the SWS21 intrusive target on its Mmadinare diamond project in Botswana are now on route to Canada for diamond recovery work.
The news came in an update on the company's drilling program at the property, where in total, 400.5 metres were drilled on the SWS21 target.
The first hole, SWS21-001, intersected an "intensely altered zone" from 45 to 71.6 metres, Pangolin said. The second hole, SWS21-002, collared 130 metres to the southeast, intersected the same zone of intensely altered rock from 33.7 to 61.1 metres characterized by other mineral formations.
Meanwhile, the company said that the mineral chemistry of a number of indicator minerals recovered from its soil sampling programs were received, and processed by Pangolin through its dense media separation plant. Selected grains were then delivered to laboratories in Canada for further analysis, with the diamond exploration company now reviewing the results to determine how best to proceed.
Pangolin said there was one kimberlitic association, and 14 with a lower mantle diamond inclusion affinity.
Last month, the Toronto-based diamond explorer said it recovered a macro-diamond from a soil sample on its recently acquired Malatswae project prospecting license in north-central Botswana. The white diamond weighs 0.005484 carats, and was retained on a standard Endecotts sieve with the mesh size of 0.600 mm.
Pangolin has four exploration properties in the world’s leading country for diamond production by value, including Tsabong North, which is about 100 km north of the town of Tsabong in southwestern Botswana. The Tsabong North project is 1,546 square kilometres in size, with the company having tested a series of airborne geophysical targets over the past nine months, the most significant of which is the Magi area where an extensive kimberlitic tuff was intersected in six drill holes.
Magi was discovered last year after the company announced it modeled the structure at 270 hectares, making it one of the largest kimberlites in the world.