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Lucapa Diamond Company Ltd. (ASX:LOM) announced that its joint venture partners support its idea to apply for an alluvial diamond mining lease across part of its Angola-based Lulo diamond concession.
Lucapa Diamond Company Ltd. (ASX:LOM) announced that its joint venture partners support its idea to apply for an alluvial diamond mining lease across part of its Angola-based Lulo diamond concession.
As quoted in the press release:
The decision to apply for an alluvial Mining Lease is a result of the high grades and diamond values being achieved by Lucapa from its diamond exploration programs within the 3,000km2 Lulo concession.
The Mining Lease Application (MLA) will cover an area of ~218km2 and will include the recent alluvial and terrace deposits associated with Cacuilo River.
The MLA is centered on an Exploration Target generated by Lucapa’s team of diamond geologists. It should be emphasised that the potential quantity, grade and diamond values described in this Exploration Target are conceptual in nature, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.