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The Markets
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The Markets
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General mining & base metals

Lucapa Diamond Company drills multiple kimberlites at Lulo Diamond Project

Kimberlite, an igneous rock named after the town of Kimberley in South Africa, can contain diamonds.

Lucapa Diamond Company (ASX:LOM) has intersected a total of seven kimberlites near alluvial mining blocks 8, 6 and 28 as drilling continues on this cluster of targets at the Lulo Diamond Project in Angola.

The company and its partners are drilling to test a series of kimberlite targets identified near the high-value alluvial diamond mining operations and further south along the Cacuilo River.

READ: Lucapa Diamond Company continues to sell Lulo diamonds for high prices

It is worth noting that the Lulo partners have to date recovered and sold alluvial diamonds from these areas worth circa US$85 million.

The current drilling program is to confirm which targets are kimberlites and to then recover core material for petrography and mineral chemistry analysis.

The results will be used to prioritise a reduced number of potentially diamondiferous kimberlites for further drilling and bulk sampling.

Lamproite drilling program completed in Western Australia

Meanwhile, the company has completed a drilling program at the 80% owned Brooking project, in Western Australia’s West Kimberley lamproite field.

Lucapa is aiming to identify the source of the diamonds and lamproite indicator minerals recovered from previous field sampling programs within the project area.

Petrographic and mineral chemistry analysis results from the drill samples are currently awaited.

Brooking is located circa 40 kilometres of the Ellendale diamond mine which, when in operation, was the world’s leading producer of rare fancy yellow diamonds.

READ: Lucapa Diamond Company issues shares in lieu of fees

The Lulo Diamond Project produced the highest $ per carat price of any run of mine diamond production in the world in 2016 and continues to produce some of the largest diamonds on record from that region.

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