Pangolin Diamonds Corp announced yesterday that it has recovered an eighth diamond from the Company's wholly-owned Malatswae Diamond Project in Botswana, and has now completed a detailed gravity survey in the area from which these diamonds were recovered. The project is located 105 km southeast of the Karowe diamond mine operated by Lucara Diamonds.

The diamond is a white octahedral fragment with dimensions of roughly 1mm x 1mm x 1mm and was recovered from sample MSC-DG-097. Seven of the eight diamonds recovered to date are white in colour, with one brown.

Three of the whites and the brown diamond were all found within an area of 0.32 km2. Olivine, ilmenites with reaction rims and a mantle xenolith, in addition to the four diamonds, have also been recovered from the same area. The presence of the unweathered olivine, mantle xenolith and ilmenites with reaction rims are indicative of a source like kimberlite in close proximity, Pangolin said.

The company said that a detailed gravity survey totaling 10.1 line kilometers with 344 measuring stations was completed over the 0.32 km2 area, and all four diamonds are associated with anomalous gravity features. The largest gravity anomaly exceeds two hectares in surface area, it said, adding that an unweathered kimberlitic olivine and a diamond have been recovered from samples directly over this gravity anomaly.

Due to seasonal operational closure in Botswana, drill-testing of the anomalies is scheduled to commence in the second half of January 2016, Pangolin announced.