Subscribe
Be the first with the news that moves the market- Pangolin Diamonds (TSXV:PAN) has revealed its exploration plans in Botswana, now COVID-19 restrictions have begun to ease in the region
- The company intersected kimberlite at the AK10 property, and the company has now received permits to conduct a 500-tonne bulk sample test
- Pangolin has also resumed field exploration work on its Malatswae and Motloutse projects
- At the Kweneng Project, the company has identified a dyke, which it will now test for micro diamonds following a positive drilling result
- Pangolin Diamonds (PAN) is up 25 per cent and is trading at C$0.025 per share
Pangolin Diamonds (TSXV:PAN) has revealed its exploration plans in Botswana, now COVID-19 restrictions have begun to ease in the region.
Lockdowns have begun to ease slowly over the past six weeks, and now exploration work within the resource sector has been assessed as an essential service.
It is now possible to travel without movement permit inside Botswana, which has meant the company’s field crews can restart field operations.
With that in mind, the company has received approval from the Department of Mines to proceed with a 500 tonne bulk sample at the AK10 property. COVID-19 forced the company stopped drilling operations just after it hit kimberlite at the site.
With work starting back up, the company will take that initially drill hole from 13 metres to a depth of 32 metres. The 500 tonne sample will be retrieved from this extention in four separate sections.
The sample will then be processed through a dense media separator, to determine the overall kimberlite quantities within the sample.
Furthermore, the company is currently conducting follow-up work on targets detected at its Malatswae and Motloutse projects. The company detected the targets through aeromagnetic work conducted on the sites.
Technical teams were deployed to both project areas as soon as the coronavirus restrictions allowed Pangolin to do so. The work is scheduled to conclude in September this year.
The company has also announced it will be testing on its Kweneng Project for micro diamonds. Pangolin identified a dyke on the property through a limited drilling program, after a soil sampling program produced a kimberlite anomaly in an area 250 metres by 850 metres.
Pangolin Diamonds (PAN) is up 25 per cent and is trading at C$0.025 per share at 2:00 pm EDT.
