Lucapa Diamond Co. Reports "Excellent results" from Drill Samples in Australia

Mining and Exploration
29/08/2018 13:25

Australian-based Lucapa Diamond Company, whose flagship operation is the Lulo diamond project in Angola, reports the recovery 1,100 diamonds from a 178 kg drill sample at the Brooking diamond project in Western Australia’s West Kimberley lamproite province. The miner's "exceptional results" from the Little Spring Creek discovery included 18 macro-diamonds and 1,082 micro-diamonds, recovered from drill hole LSC/DH002. “The latest micro-diamond results from Little Spring Creek are some of the best I have seen in the diamond space," said Lucapa Managing Director Stephen Wetherall. "To recover 1,100 micro- and macro- diamonds from a 178kg sample from a single drill hole is remarkable.”

“What’s more," he added, "we have also identified another 11 lamproite targets to explore at Brooking which were interpreted from the TDEM survey. These exceptional results at Brooking underscore the prospectivity for diamond deposits in the Kimberley region of WA, which hosts the world renowned deposits of Argyle and previously Ellendale. We look forward to the next phase of exploration at Brooking with great excitement.” The company's shares surged more than 8% following the announcement. Brooking is located within 50km of the Ellendale mine which, until its recent closure, produced more than 50% of the world’s fancy yellow diamonds. The latest exploration program at Brooking involved drilling, micro-diamond analysis and an airborne geophysical survey.

The news follows encouraging results (reported Aug. 7) from the Mothae diamond mine in Lesotho (Lucapa 70%; Gov. of Lesotho 30%). Their latest recoveries from current bulk sampling program in the North zone included a 28 carat Special and two light pink diamonds, which follows the recovery of other Specials including an 89 carat yellow from the South-East zone, a 25 carat yellow from the Neck zone and a 12 carat white from the North zone. The ongoing bulk sampling program is designed to expand the published +1 million carat JORC resource by testing areas of the Mothae kimberlite pipe which are not included in the resource or which require further sampling to enhance the resource. This bulk sampling program is being conducted in parallel with construction of the new 150 tonne per hour commercial diamond plant, which continues on schedule for H2 2018 commissioning.