Diamond

Lucapa Diamond Company (ASX:LOM) have announced the commencement of a drilling program to test high-priority kimberlite targets at the Lulo Diamond Project in Angola. As quoted in the press release: The aim of the drilling program is to help identify the primary kimberlite source, or sources, of the large, high-value alluvial diamonds being recovered from …

Lucapa Diamond Company (ASX:LOM) have announced the commencement of a drilling program to test high-priority kimberlite targets at the Lulo Diamond Project in Angola.
As quoted in the press release:

The aim of the drilling program is to help identify the primary kimberlite source, or sources, of the large, high-value alluvial diamonds being recovered from Lulo, which include Angola’s biggest recorded diamond-a 404 carat Type IIa D-colour gem which sold for $22.5 million in February 2016 (See ASX Announcements 15 February 2016 and 29 February 2016).
The drilling program has now commenced at the L259 kimberlite target, where previous gravity and ground electro-magnet (EM) surveys identified a 78-108 hectare body consistent with a weathered near-surface expression of a kimberlite pipe (Figure 1).
Drill sites have been prepared for 10 scheduled holes to be drilled at L259 in the initial drilling phase.

Click here to read the full press release.

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