• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gem Market
    Gem News
    Gem Stocks
    • Gem Market
    • Gem News
    • Gem Stocks

    Lucara Provides Exploration Update

    Priscila Barrera
    Mar. 07, 2017 09:31AM PST
    Gem Investing

    Lucara Diamond (TSX:LUC) (“Lucara” or the “Company”), is pleased to announce the results of the second BK02 mini-bulk sample and provide an update on other exploration activities. A total of 309.79 carats were recovered from the processing of 5,021 tonnes of BK02-2, for a sample grade of 6.2 cpht (carats per hundred tonne). The largest …

    Lucara Diamond (TSX:LUC) (“Lucara” or the “Company”), is pleased to announce the results of the second BK02 mini-bulk sample and provide an update on other exploration activities.
    A total of 309.79 carats were recovered from the processing of 5,021 tonnes of BK02-2, for a sample grade of 6.2 cpht (carats per hundred tonne). The largest diamond recovered was a 4.56 white/grey octahedron. A total of 22 stones were recovered greater than 1 carat in weight, including 5 diamonds in excess of 2 carats in weight (inclusive of the 4.56 carat diamond). The sample was collected from the same location as the results announced on 13 June 2015, after a drill and blast sample was taken to deepen the sample pit, followed by excavation and trucking to the Karowe Mine where processing was conducted through a 15 tonne per hour Bulk Sample Dense Media and X-ray Recovery Plant.
    As quoted in the press release:

    William Lamb, President and CEO, commented, “Results of the second BK02 mini bulk sample are very encouraging with the improvement in the grade and confirmation of the coarse nature of the BK02 diamond size distribution. The combined parcel of diamonds is suitable for a preliminary diamond valuation which we expect to provide to the market in the second quarter of 2017. The next stage of exploration at BK02 will be to develop an understanding of the diamond content and size distribution continuity at depth.”

    Click here for the full text release

    tsx:luc
    The Conversation (0)

    Go Deeper

    AI Powered
    Strong drilling targets identified next to high-grade gold-copper mine

    Strong drilling targets identified next to high-grade gold-copper mine

    More strong drilling results to feed into coming resource update

    More strong drilling results to feed into coming resource update

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Gem Investing Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×