Just to highlight a snippet of a Canaccord report on LOM posted my Progol recently
Report date Aug2014
"The occurrence of other diamond-bearing pipes proximal to the alluvial deposit at Lulo could suggest multiple sources.
Encouraging results – but still early days
Bulk sampling is seeking to identify various lithologies within the kimberlite pipe, with work to date not necessarily seeking to determine grade. Given the relatively small sample (~3,600t), and considering the possible tonnages involved (especially at Se251), results to date should by no means be extrapolated to be representative of the entire deposit. Further bulk sampling and deeper drilling using a wide diameter rig is planned to further assess the potential of Se251, with the bulk sampling of other kimberlite targets to be an on-going process.
Diamonds confirmed as rare, Type IIa stones"
Multiple pipes being encouraging? hmmm
Small sampling given size of se251 not representative of deposit?? hmmm
Se251 requires further testing which is planned?hmmm
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