LOM

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4.2¢ lucapa diamond company limited

Africa Downunder, page-82

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24/08/16

16:59

Post #: 18651594
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Originally posted by doodledog ↑

Baggy.
Yep, short on drilling updates for sure, but this appears to be their chosen
method. Might work for them but its not helping us part owners much.

Heres the latest on drilling I could find.

Kimberlite Exploration P4 last report, 3/8/16

At the end of June 2016, Lucapa and its partners commenced a drilling program focusing
on L259 and other priority kimberlite targets around alluvial Mining Blocks 6 and 8,
(See ASX announcement 27 June 2016).
Commissioning issues were encountered with the core drilling component of the mobile
Sedidrill rig in July which required additional equipment to be flown into Angola.
In the interim, the mobile rig continued drilling using its auger capability to assist the
mining team at Mining Block 8 and the exploration team at the E41 alluvial terraces
(refer Alluvial Development). These commissioning issues were resolved in mid-July and
core drilling continues. (DD....That's 6 weeks ago drilling problem resolved )
The first core hole drilled at L259 intersected re-sedimented volcaniclastic kimberlite
(“SRVK”) material, or crater lake sediments, near surface. This round of drilling is designed
to target the pyroclastic kimberlite (“PK”) material.

As was announced in June 2016, to assist in accelerating the kimberlite drilling program,
an additional, larger, track-mounted diamond drill rig has been scoped, identified and
will be ordered shortly. ( DD....reported 3/8/16.....possibly ordered now)

Expand

maybe that's why we don't get regular drill reports.... the SP get knocked down on good ann imagine if they had regular drill reports saying "drilling issues encountered"

LOM Price at posting: 36.0¢ Sentiment: None Disclosure: Held
1 Upvote

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