Friday, July 06, 2007

Diamond mining in Ngamiland

Pan African Mining Corporation has reported that reprocessed geophysics data has confirmed strong diamond targets on the Company's license area in Ngamiland. A combined area of 5476 sq. kilometers -- the Okavango block, located to the west of the Okavango River, just south of the Namibia Caprivi strip and the Tsau block, adjacent to the north-south section of the Botswana-Namibia border -- were awarded to the Company's wholly owned subsidiary PAM Botswana (Pty) Ltd.

The company’s rationale for the work in Ngamiland is the presence of a surface secondary concentration of diamonds and G10 garnets to the West, near the village of Tsumkwe in northeastern Namibia. The company reports that in-house geomorphological reconstruction indicates that headwaters of a former pre-Kalahari river system were located to the southeast and northeast of the unexplained Tsumkwe kimberlite pathfinder anomaly, in areas covered by the two new license blocks.

Pan African Mining is an exploratory resource company with interests in Madagascar, Mozambique and approximately 5500 sq. km. of diamond licenses in Botswana.

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