LOM 1.72% 5.9¢ lucapa diamond company limited

Ann: Record Diamond Recoveries at Lulo-LOM.AX, page-31

  1. 13,166 Posts.
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    Extract from today's report:
    "During July 2016, pitting and trenching programs were conducted on the E41 alluvial terraces, located approximately 3km upstream of the E46 alluvial terraces, where trial mining has produced 22 Special diamonds of up to 88 carats (See ASX announcements 29 March 2016, 12 April 2016 and 26 April 2016).

    The work program at E41 has identified alluvial gravels over a ~1.6km area. Pitting and trenching will continue at E41 ahead of a sampling program to assess diamond grade. The results will be reported when the sampling program is completed."

    Extract from Marx's report June 2011, page 17:
    "At location K72 a pyrope-garnet/picro-ilmenite rich kimberlite outcrop was identified on the summit of a hill with a surface area of about 30 hectares. The significance of the K72 kimberlite was enhanced by the alluvial diamond grades of between 6 and 20 cpht (carats per hundred tonnes) that were reported by DIAMANG during colonial times. These bulk samples were taken from the Canguige River which drains this and other suspected pipes within its catchment area. It is also a tributary of the diamond bearing Cacuilo River."

    The Canguige River intersects the Cacuilo River around 3km upstream of E46. Without distracting from the current evaluation of priority kimberlite targets, I do believe that K72 merits some serious attention in the not too distant future.

    Just connecting the dots!
    Last edited by bungy234: 03/08/16
 
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