LOM 1.43% 7.1¢ lucapa diamond company limited

Ann: More Large Diamonds Point To Close Kimberlite Source At Lulo, page-76

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    Thanks for the link bbuster!

    Full translation here:

    "Course explosion: Lucapa Diamond comes the jackpot getting closer

    Finding the primary source of diamond formation on a study area, is the holy grail of diamond exploration. The Australian Lucapa Diamond Company (WKN A0M6U8 / ASX LOM) is achieving this goal one step closer. The share price reacted with double-digit gains.

    The search for diamonds is a risky business. Many companies put it - as opposed to Lucapa Diamond, which already produces alluvial diamonds to a considerable extent - everything on one card, to find the source of the diamonds on the field they studied. If this is successful, you have found the jackpot of diamond exploration, is usually a rapid revaluation of the company. But that Lucapa today reported to have narrowed down the possible source of the numerous exceptional diamonds at its Lulo concession to a few kilometers, the share in Australia was at a high volume to shoot more than 11% upwards.

    The company CEO Stephen Wetherall dedicated to present primarily the mining area 8 on the diamond project in Angola Lulo. There you had in the first days of the degradation of Schwemmsedimente five large, exceptional diamonds (> 10.8 carats) with up to 53.2 carats discovered. And this success story continues, as was now known. For Lucapa has since discovered four more, exceptional stones, which had 37.28, 17.15, 14.69 and 11 carats. Added to this was a pale pink diamond.

    This one has now been discovered in this area a total of 11 extraordinary diamonds, because there are two large stones were discovered with 131.4 or 38.4 carats already in the bulk sampling phase.

    And this ongoing discoveries of large, exceptional diamonds from making a further weighty Note is that the surrounding area of this kimberlite targets, including one called E259, possibly the primary source of these extraordinary stones included

    E259 is additionally just 300 meters to the mining area 8, while two other kimberlite - can be found in a radius of only 3 kilometers - L13 and L15. In addition, E259 and L13 and L15 are located near or directly on natural drains that lead past mining area. 8 The large alluvial diamonds found on Lucapa region 8, are also of irregular shape and have sharp, jagged edges, suggesting that they have completed not long way from the primary Kimberlitquelle from. Moreover Lucapa has found numerous Kimberlitindikatorminerale including almandine and ilmenite, which are also from coarse form and thus not likely to be traveled far.

    And this view is supported by one of the most experienced geologists in the field of diamond exploration worldwide, Dr. John Ward, divided, has committed to Lucapa, to assist the team of geologists on Lulo in implementing the Kimberlitexplorationsprogramms. And the expert explained that in view of the presented findings "very likely" is that the excavation site 8 less than 1.5 on the mining area - is removed from the primary diamond sources - and more likely 0.5 km!

    Given this development Lucapa and its partners have already brought to the Kimberlitziel Erdbewegungsgerät E259 to test this systematically and evaluate. Once these first tests have been completed, a large sample is taken to E259, which is processed at the processing facility at Lulo, in order to test for diamonds. In parallel, the degradation of alluvial diamonds continues to area - as previously reported yet all over the September quarter and beyond.

    The equipment for E259 was deducted from kimberlite L46, had taken on the Lucapa recently first investigations in attack. The company will start work on L46 later to identify where areas for future tests of priority Ingen Kimberlitziels, which is thought that it could be the source of large diamonds, which were discovered in the alluvial mining area E46.

    Lucapa-CEO Wetherall said the decision to focus first on E259 and the other kimberlites in the area, was given the numerous promising indications the right step. He pointed out also that the exceptional size and quality of diamonds that are already gains on Lulo, would demonstrate the potential of the potential primary source and their chance of economic production.

    It is so exciting at Lucapa! Not only does the company already repeatedly produced large and exceptional stones, for a further increase in the - already positive - should ensure cash flow, the chances that Lucapa on the Lulo project the jackpot of diamond exploration - the primary source the already discovered diamonds - takes place, have increased significantly in our view. For investors who do not shy away from the existing definitely risk, could be a good time so now, lie down to the stock of Lucapa Diamond (WKN A0M6U8) to the depot."
 
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