News Bureau

Lulo on kimberlite bulk sample spree!

Lucapa Diamond Company provides an update on the Lulo project in Angola. Lucapa reports, as set out in the Quarterly Report for the period ending 30 June 2020 and the Annual General Meeting presentation alluvial exploration and mining activities have, since June 2020, focussed on the Mining Block 06 flood plain (leziria) areas, with high grades, thick gravels and large diamond recoveries reported.

Gravel extraction from this Mining Block 06, considerably aided by the recently expanded earthmoving fleet, has continued to produce excellent results with a new monthly carat record reached for July 2020 of 3,462 carats almost immediately followed by a new daily carat record of 463 carats achieved in early August 2020.

This surpasses the earlier daily carat record from the day the 404 carat “4th February Stone” diamond, Angola’s largest recorded diamond, was recovered from Mining Block 08 in early February 2016. The gravels contained in the leziria areas represent a potential major source of additional resource and alluvial mine life. Currently, only a small percentage of the extensive leziria areas along the Cacuilo river are included in the published Lulo JORC classified inferred resource, which contains, 100,000 carats at an average diamond value of US$1,620 per carat.

What's your reaction? 0% 0% 0%