- Lucapa Diamond Company (LOM) and its partners identify two additional priority kimberlites at Project Lulo in Angola
- The company has now unearthed 24 new kimberlites in its latest phase of discovery drilling, bringing the total number to 133
- Lucapa has shipped off eight samples of the 24 to South Africa for indicator mineral picking, which will be followed by further analysis in Canada
- Meanwhile, the construction of the company’s kimberlite bulk sampling plant is reportedly on track for completion, with commissioning anticipated to occur next month
- Lucapa Diamond Company last traded at 4.1 cents on June 23
Lucapa Diamond Company (LOM) and its joint venture (JV) partners have identified two additional priority kimberlites at Project Lulo in Angola.
Lucapa, alongside JV partners Endiama and Rosas & Petalas, has now identified 24 new kimberlites through its latest phase of discovery drilling.
The new discovery brings the total number of kimberlites uncovered at Project Lulo to 133.
The company has shipped off eight samples of the 24 to South Africa for indicator mineral picking, which will then undergo mineral chemistry analysis in Canada.
Two of these eight samples are thought to contain numerous high-interest deep purple garnets and chrome diopsides, which are often associated with diamondiferous kimberlites.
The two samples have now been added to the list of high-priority kimberlites for bulk sampling. Once the chemistry results have been returned, the company said it would determine if additional kimberlites would be added to the priority bulk sampling list over the coming months.
The construction of the company’s kimberlite bulk sampling plant is reportedly well on its way to completion, while new trucks have been mobilised to assist with the ramp up of the kimberlite exploration activities.
Managing Director Stephen Wetherall said the construction and commissioning of the bulk sampling plant would enable the team to process samples from these high-priority kimberlites and bring Lucapa closer to finding the primary sources of the large and high-value alluvial diamonds.
“From the time that the plant is commissioned, we expect to be processing, on average, two bulk samples every six weeks,” Mr Wetherall said.
The company anticipates the plant to be commissioned next month.
Lucapa Diamond Company last traded at 4.1 cents on June 23.