Pangolin Diamonds (CVE:PAN) has announced the sizes of two diamonds recovered at its Malatswae kimberlite project in Botswana last week, with characteristics of the diamonds suggesting a nearby source.
So far at the project, it has recovered three diamonds within 1 square km, with clay coatings on the diamonds suggesting a kimberlitic source, Pangolin said.
Drilling is expected to follow ground surveys at the project, which are currently underway.
Two of the diamonds, which were announced last week, do not have carat weight information due to limitations with the laboratory, said the company. The third diamond, a macro sized stone, was announced in late July, and weighs 0.005484 carats.
All of the diamonds were described using a binocular microscope, Pangolin said.
The Malatswae kimberlite project covers 1,058 sq km and is located 70km southeast of the Orapa Mine. Previous work by Pangolin has showed that the chemical compositions of garnets recovered in soil samples are "distinctly different" from the garnets at the Orapa kimberlite field, suggesting that an undiscovered kimberlite may be found within the project area, the company said.
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, 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.