- Lucapa Diamond Company (LOM) and its partner uncover new targets at the Brooking Diamond Project in WA’s West Kimberley
- LOM and Leopold Diamond Company unearthed the three lamproite targets following gravity and electromagnetic surveys
- Drone airborne magnetic surveys are next in line to be conducted, with completion expected before the end of the year
- Follow-up drilling on the high-interest targets will then begin once required heritage clearance approvals have been received in 2022
- Lucapa Diamond Company last traded at 8 cents on November 18
Lucapa Diamond Company (LOM) and its partner have uncovered three new targets at the Brooking Diamond Project in Western Australia’s West Kimberley lamproite province.
Lucapa and Leopold Diamond Company unearthed the lamproite targets following gravity and electromagnetic surveys.
Satellite photo and airborne geophysics interpretation was used in areas where seven micro and macro diamonds, plus 72 chrome spinels, were previously recovered by Lucapa in 2020.
“The recommencement of the Brooking exploration program has yielded early rewards by identifying three new high-interest primary source targets,” said Lucapa Managing Director, Stephen Wetherall.
Two of the targets fall in the Road West survey area. The company said the coincident gravity lows and conductive high signatures are typical of other lamproites previously discovered in the area and suggest the targets to be up to around 225 metres in diameter.
The third target was found in Cameron’s Bore survey area. The high-interest target was identified from a linear electromagnetic signature of around 1100 metres in length.
“As the diamond market continues to rebound, Lucapa is well positioned to deliver strong value as we progress our unique mix of exploration, mine development and niche high-end producing assets,” Mr Wetherall said.
Drone airborne magnetic surveys are next in line to be conducted, with completion expected before the end of the year.
Follow-up drilling on the high-interest targets will then begin once required heritage clearance approvals have been received in 2022.
Lucapa Diamond Company last traded at 8 cents on November 18.