Pangolin Diamonds Corp V.PAN.H

Alternate Symbol(s): KGHZF

Metals & Mining Industrial Metals & Minerals

Pangolin Diamonds Corp. is a Canada-based diamond exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties in Botswana. The Company, through its wholly owned subsidiaries, holds title to various properties (the Pangolin Properties). The Pangolin Properties consist of approximately 17 diamond prospecting licenses (PLs). Its Motloutse Diamond Project is located in eastern Botswana and is comprised of eight diamond PLs. Its Kweneng Project is located in the Kweneng District and covers an area of approximately 361 square kilometers (km2). The Company's subsidiaries include Pangolin Diamonds Limited, Pangolin Diamonds (Pty) Limited, Geocontracts Botswana (Pty) Limited, and Amulet Diamond (Botswana) Pty Limited.

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Pangolin Diamonds Corp

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Comment by jpbbon Oct 25, 2013 4:02pm

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Post# 21850217

RE:RE:Pan train

Not having any diamonds in the drill samples isn't negative news. Drilling for diamonds is not like drilling for gold. Diamond deposits are FAR lower-grade than metals deposits so ti is highly improbable that any diamonds will show up in a drill core. If we hit any then we will be extremely lucky. But it's a long shot. Bulk sampling is more likely to result in diamonds than drilling. So if you think not hitting any diamonds in the 10 first drill holes means that the deposit isn't diamondiferous than you're mistaken. That being said, there are probably several weak hands in this right now who won't know how to interpret the results and will dump their shares if there are no diamonds.

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