We know the size of the kimberlite!! we know it is a kimberlite!!! a kimberlite structure is the only local geology that fits this interpretation.
"At depth the unconstrained gravity modelsloped inwards (Figure 5)and resolved into around 30ha ap p roxim ately 600m below surface. The only known local geology that fits this interpretation is kimberlite crater and diatreme."
People keep saying if they find diamonds in this kimberlite, its going to be massive...
I'm going to connect some dots for people here, hold onto your hats.
We know that block 8 is directly above this massive kimberlite! (See referenced below) "L259 identified by the gravity survey is directly beneath Mining Block 8 at Lulo"
We also know they are finding Elluvial diamonds, and RVK is preserved within the alluvial gravels at BLOCK 8!! We have known this since September last year, we now know the kimberlite is under block 8. They refer to the RVK as fragile!! If it did not come from the kimberlite underneath it, then it would be a miracle.
"The fragile class and boulders of RVK preserved within the gravel also provide evidence that the terrace or "confluence target" is both alluvial and alluvial in origin and that the primary source of the class is proximal."
"In geology, elluvial deposits are those geological deposits and soils that are derived by gravitational movement or accumulation"
"Lucapa will update the market when the driling program commences."
"As noted in the ASX announcement of 1 February 2016, the large, well-defined kimberlitic signature at L259 identified by the gravity survey is directly beneath Mining Block 8 at Lulo, which has already produced more than 60 large special diamonds since mining commenced in this area in August 2015."
LOM Price at posting:
43.5¢ Sentiment: Hold Disclosure: Held
