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Pangolin's Diamond Find Could Prove Promising

May 17, 2016 11:02 AM   By Rapaport News
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RAPAPORT... Pangolin Diamonds Corp. said it discovered a type-II rough diamond from its mine in Botswana about 105 kilometers off a site that produced two huge diamonds last year.

Type-II stones represent about 2 percent of the world’s diamonds. They include the 1,109-carat and 813-carat diamonds recovered by Lucara Diamond Corp. at the Karowe mine in the southern African country in November.

Pangolin analyzed seven diamonds from its MSC Grid mine and found one was type II, five were type I aB and one is type I aA. About 98 percent of the world’s diamonds are type Ia in the range between pure type I aA and pure type I aB, the miner pointed out.

Drilling for kimberlite in the MSC Grid will start in the second half of 2016.
Tags: Botswana, MSC Grid, pangolin, Pangolin Diamonds Corp., Rapaport News, type II diamonds
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