LOM 0.00% 6.7¢ lucapa diamond company limited

huge diamond deposit ahead, page-18

  1. 438 Posts.
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    The Venetia deposit comprises of 12 kimberlite pipes

    Goblin

    This Makes LOM's potential Very Exciting
    after 259 drilling is complete,
    there are other high value targets to investigate
    Lucapa believes L46, L18 , L19 and L165-L170 cluster

    ADDITIONAL KIMBERLITE TARGETS
    As detailed in the ASX announcement of 21 December 2015, the laboratory results included the recovery of purple G 10D garnets from kimberlites L165 and L18 . L165 is proximal to the diamond -bearing L170 kimberlite where a G 10D garnet and a micro diamond were previously recovered , while L18 is adjacent to the diamond -bearing L46 and L19 kimberlites. A s a result, Lucapa believes L46, L18 , L19 and other kimberlites on the tributaries close to the E46 alluvial terraces warrant further sampling and drill testing , as does the L165-L170 cluster.However, this work will only be undertaken once the drilling programs at the high - priority kimberlites in the Mining Block8 area are completed .
    Quarterly Activities Report
    29/01/2016


    The deposit comprises of 12 kimberlite pipes.
    Venetia


    Venetia diamond mine located 80km from Musina in Limpopo Province of South Africa ranks as the world's sixth largest diamond mine. Venetia's diamond reserves as of December 2012 stood at more than 102Mct. The open pit reserves are estimated to be 32.8Mct (33.6Mt grading 0.975ct/t diamond) and the underground diamond reserves are estimated at 70Mct (91.4Mt grading 0.765ct/t diamond).
    Venetia is the largest diamond producing mine in South Africa. It produced 3.066Mct of diamonds from 5.618Mt of ore in 2012. The deposit comprises of 12 kimberlite pipes.
    The mine is owned and operated by De Beers and has been in production since 1992. The open-pit operation is expected to continue up to 2021, after which it will be switched over to underground mining. The mine life of Venetia Underground is expected to be more than 20 years.
 
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