Diamond

Lucapa Diamond Company Ltd. (ASX:LOM) announced that preliminary aeromagnetic survey data has identified eight new kimberlite targets at its Angola-based Lulo diamond concession.

Lucapa Diamond Company Ltd. (ASX:LOM) announced that preliminary aeromagnetic survey data has identified eight new kimberlite targets at its Angola-based Lulo diamond concession.

As quoted in the press release:

The preliminary data provided to Lucapa from Fugro Airborne Surveys to date is from a 70km2 strip of the Lulo concession near where Lucapa has recovered diamonds of up to 131.4 carats from its alluvial sampling operations.

This 70km2 strip could not be properly flown during the original aeromagnetic survey conducted over onethird of the Lulo concession in 2008. This area has taken on added significance following confirmation in March 2013 that three of the biggest alluvial diamonds recovered from Lulo are Type IIa diamonds, which are the rarest and most valuable tier of diamonds in the world.

Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.

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