Pan African Resumes Madagascar Diamond Hunt

by Jeff Miller Posted: 5/19/2005 2:20 PM
(Rapaport...May 19, 2005) With the seasonal finale of Madagascar's wet season past, Pan
African Mining Corp., resumed diamond exploration on the island nation. The company hopes to
discover kimberlitic or lamproitic diamond sources, and will be investigating alluvial deposits and
commercial deposits of other precious stones.
Through its operating subsidiary, PAM Madagascar Sarl, Canada-based Pan African Mining holds
10-year research permits in areas deemed prospective for diamond exploration in various
regions of the country. These areas were identified based upon the geological history of
Madagascar and presence of the cratonic core, as well as historic discoveries of alluvial
diamonds and other kimberlitic indicator minerals.
Pan African Mining CEO, Irwin Olian, said, "We believe the opportunity in mineral-rich
Madagascar is just beginning to be tapped and look forward with great enthusiasm to continuing
our work programs there across the mineral spectrum." The company explores for gold,
uranium, precious stones, base metals, and industrial commodities.