Ann: Kimberlite Drilling Update, page-23

Lucapa Diamond - The fourth quarter of 2017 will be extremely interesting

https://www.wallstreet-online.de/na...diamond-vierte-quartal-2017-enorm-interessant

The diamonds of the Lulo project of Lucapa Diamond (WKN A0M6U8 / ASX LOM) are a regular feature of the project. The Australian company and its Angolan project partners Empresa Nacional de Diamantes EP and Rosas & Petalas achieve top prices with the stones Karat on sales. Just again there were millions of sales of very high-carat prices, as reported . Such top findings are on Lulo's nice regularity and with the current drill program Lucapa Diamond wants to get the source of these extraordinary diamonds on track. The exchange is looking closely at this program, for which the Australians have now published an update. The Company is progressing as planned in drilling in the Kimberlite rocks. Lucapa and its partners want to complete a major part of the planned drilling program in the current year - here they are on schedule, according to the company on Monday. The work has already been completed on 19 drill targets of the new priority list. In Cape Town, the drill cores are being investigated, with first laboratory results of 7 of the 19 holes completed so far, Lucapa Diamond is expecting the following month. A second swing on drill cores will be sent to the South African laboratory in the coming quarter, the company announces. Abundant news from Africa and Australia can be expected With the further systematic drilling work and now with three drilling rigs, Lucapa Diamond is taking a closer look at the inflow of the record section "Block 8" of the Lulo project, which is located south of the area. The drilling program has been prepared by extensive electromagnetic examinations, exploring the area of the Cacuilo River, where the Lulo project is located. The shape of the diamonds suggests close to kimberlite sources of the occurrence. In the course of the drilling work Lucapa Diamond also wants to undertake a depth drilling over 200 to 300 meters. At the site of the site, close-up studies had not revealed any visible kimberlites. The Australians are also moving forward, for example at the Brooking site in Western Australia. Just 40 kilometers from the world-famous Ellendale diamond mine, Lucapa Diamond is planning a 19 hole drilling program with a total of 1,425 meters of total track, after detailed electromagnetic investigations have been the basis for the identification of interesting drill targets. The responsible persons expect to be able to start work in October - there are currently still approvals. In addition, Lucapa Diamond in Botswana is awaiting final regulatory approvals for a drill program on the diamond project "Orapa Area F". Near the Orapa diamond mine, five drill holes are now being drilled after preliminary soil investigations and two primary drill targets are being investigated. The Australians expect to be able to start work in the next quarter.