- Lucapa Diamond Company (LOM) and its project partners unearth 41 diamonds from a bulk sample take from the Lulo kimblerite in Angola
- Lucapa, together with Endiama and Rosas & Petalas, received results from the processing of a bulk sample which yielded an average stone size of 1.61 carats
- The company says the results of the sample, which weighed in at 5641 wet tonnes of kimberlite material, prove the kimberlite is a primary source of “special” sized diamonds, with two stones boasting 15.27 and 12.37 carats
- Lucapa says it intends to continue processing the kimberlites on its priority list to ensure all large stone bearing kimberlites are identified and taken to the next stage of evaluation
- Lucapa shares last traded at 4.5 cents on January 13
Lucapa Diamond Company (LOM) and its project partners have unearthed 41 diamonds from a bulk sample taken from the Lulo kimblerite in Angola.
Lucapa, together with Endiama and Rosas & Petalas, received results from processing a bulk sample from the Lulo kimberlite.
The company said the results of the sample, which weighed in at 5641 wet tonnes of kimberlite material, proved the kimberlite is a primary source hosting “special” sized diamonds.
Of the 41 diamonds weighing 66.05 carats, two were “special” sized diamonds of up to 15.27 and 12.37 carats, making up roughly 41 per cent of the package’s total weight.
Twelve of the diamonds also boasted grades greater than one carat, accounting for 76 per cent of the total package weight.
The company said the overall package produced in an average grade of roughly three carats per one hundred cubic metres, yielding an average stone size of 1.61 carats.
Lucapa Managing Director Stephen Wetherall said the company is delighted with the results from this Lulo kimberlite sample.
“The Lulo kimberlite exploration program has delivered tangible proof that the Lulo kimberlite province hosts primary sources containing “specials”, confirming Lucapa’s and our partner’s long held views,” he said.
“Preliminary indications are that the kimberlite deposit has a very coarse (large) average stone size of 1.61 carats which, compares very favourably to two of the coarsest primary source kimberlites globally, the Mothae and Letšeng mines in Lesotho.”
The company said the varying sizes and characteristics from the alluvial diamond mining blocks continue to provide evidence there are multiple primary sources contributing to the secondary alluvial resource on the Lulo concession.
Lucapa said it intends to resume its exploration program and will continue processing kimberlites on its priority list to ensure all large stone bearing kimberlites are identified and taken to the next stage of evaluation.
Lucapa last traded at 4.5 cents on January 13.