Pangolin Receives Additional Prospecting Licences at the Malatswae Diamond Project, Botswana
- Malatswae Project increases in size from 1,058 km2 to 2,480 km2
- Prospecting licences granted for an initial three years
TORONTO, ONTARIO--(Marketwired - Apr 7, 2015) - Pangolin Diamonds Corp. (TSX VENTURE:PAN) (the "Company" or "Pangolin") is pleased to announce the grant by the Government of Botswana of three additional Prospecting Licences (or "PL") for precious stones (diamonds) at the Company's wholly-owned Malatswae Diamond Project located 90 kilometres southeast of the Orapa Diamond Mine.
The licences are as follows:
| Licence Number | Square Kilometres | Expiry Date | Year 1 Financial Commitment |
| PL083/2015 | 359 | 31 March 2018 | BWP 50,000 or approx. $C 6,500 per licence |
| PL086/2015 | 412 | ||
| PL529/2014 | 651 |
Work will begin shortly on a historical compilation of geological information, a geophysical interpretation of an existing airborne geophysical survey and a regional (1km x 1km) soil sampling program.
The three new PL's are contiguous to the north, east and south to the original PL100/2011 and PL247/2014 Licences, and link PL063/2011 to the north, now creating a single 2,480 km2 block.
Pangolin's exploration of PL247/2014 has recovered four diamond-positive soil samples as well as numerous kimberlite indicator minerals ("KIM"). Several clusters of the KIM's have features that suggest proximal source rocks such as kimberlites. Two areas; MSC and Modala Grids, are subject to intensified exploration including drilling. A map locating the three new PL's as well as Pangolin's other land holdings are available at the website (http://wp.me/P4A7nq-i, http://wp.me/P4A7nq-9).
Explore Pangolin Diamonds Corp. and access Our Social Connections:
For more information on Pangolin Diamonds Corp., please refer to the website at http://pangolindiamonds.com
Follow us on Twitter: @pangolindiamond
Find us on Facebook: Pangolin Diamonds Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Pangolin Diamonds Corp.
Scott Young, Investor Relations
+1.705.888.2756
syoung@pangolindiamonds.com
Pangolin Diamonds Corp.
Graham C. Warren, Chief Financial Officer
+1.416.594.0473
+1.416.594.1630
gwarren@pangolindiamonds.com