Lulo kimberlite bulk sample KBS/164/01, totalling ~2,200 in-situ m3 or ~5,641 wet tonnes of kimberlite material, has returned a total of 41 diamonds weighing 66.05 carats, including two Special sized diamonds weighing 15.27 and 12.37 carats (total of 27.64 carats or ~42% of the total weight) with 12 diamonds greater than one carat recovered (total of 50.21 carats or ~76% of the total weight). This yielded an average grade of ~3.00 carats per one hundred cubic metres ('cphm3 ') or ~1.17 carats per one hundred tonnes ('cpht') and an average stone size of ~1.61 carats (at a bottom cut of screen size of 1.5mm).
Lucapa Managing Director,
The varying size frequency distributions and the differing diamond characteristics from the many alluvial diamond mining blocks continue to provide evidence that there are multiple primary sources contributing to the secondary alluvial resource on the Lulo concession. The methodical approach to the exploration program will continue with the processing of all the kimberlites on the priority list in order to ensure that all large stone bearing kimberlites are identified and taken to the next stage of evaluation. Kimberlite L164 is located south (upstream) of the Canguige Catchment area and was placed on the priority kimberlite bulk sample list due to its indicator mineral content.
Contact:
HEAD OF INVESTOR RELATIONS & CORPORATE COMMUNICATIONS
Tel: 0400 49 22 85
Email: csgroi@lucapa.com.au
ABOUT LUCAPA
Lucapa is an ASX listed diamond miner and explorer with assets in
Competent Person's Statement
Information included in this announcement that relates to exploration results and resource estimates is based on and fairly represents information and supporting documentation prepared and compiled by
Forward-Looking Statements
This announcement has been prepared by the Company. This document contains background information about the Company and its related entities current at the date of this announcement. This is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement. This announcement is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient's investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons. Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) risks associated with mining, exploration, operations, resource, environment, funding and adverse or unanticipated market, financial, currency or political developments. No responsibility for any errors or omissions from this document arising out of negligence or otherwise is accepted. This document does include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of the Company. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forwardlooking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, the Company does not undertake any obligation to update or revise any information or any forward-looking statements in this document or any changes in events, conditions or circumstances on which any such forwardlooking statement is based
(C) 2023 Electronic News Publishing, source