Lulo commenced to high-priority kimberlite

Jul 16, 2024

Illustrative 1 1Lucapa Diamond Company provide an exploration update of the Lulo Kimberlite program in Angola. Following the receding of floodwaters after a severe wet season, the immediate focus is on sampling kimberlites closer to the Cacuilo River which are considered more likely to be the major sources of the diamonds being found in the Cacuilo’s alluvial deposits.

The L014 kimberlite, which largely sits beneath the Cacuilo River, remains a high priority and construction of the road to access the L014 area has commenced along with auger drilling to better define the location of the best material for sampling.

Managing Director and CEO Nick Selby said, “Now that the wet season is behind us this year, we are excited to be back in full flow with the exploration program and gaining access to the areas that were previously inaccessible due to the wet ground conditions.

The preparation work is well underway for accessing kimberlite L014, from which we will be doing the necessary delineation drilling and taking bulk samples. Road construction and sample planning is progressing for the other priority targets close to the Cacuilo River. We look forward to bringing further updates to the market, as the sampling results become available.”

Kimberlite 164, which has unearthed 97 diamonds totalling 110.7 carats from three bulk samples, recovered a further 4.6 carats following the reprocessing of 240m3 of uncrushed oversize and DMS tailings material. The material, which had undergone weathering during the wet season, was checked for additional locked up diamonds and recovered four, the largest being 1.99 carats. The other diamonds weighed 1.5, 0.7 and 0.5 carats.

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