Lucapa Diamond Company steps up Lulo exploration
THE DRILL SERGEANT: Lucapa Diamond Company (ASX: LOM) is preparing the next phase of a kimberlite exploration program at the company’s Lulo diamond concession in Angola.
Lucapa explained the aim of the 24-month program will be to build on exploration results it has achieved so far at the project to further evaluate know diamondiferous pipes at Lulo and to explore for other possible kimberlite sources of the alluvial diamonds the company is already mioning witin the 3,000 square kilometre concession.
“Many diamond exploration companies spend decades trying to discover alluvial diamonds or kimberlite pipes,” Lucapa Diamond Company chief executive Stephen Wetherall said in the company’s announcement to the Australian Securities Exchange.
“At Lulo, we have achieved both.
“We have already discovered an alluvial diamond field and two significant kimberlite provinces with exceptional potential.”
“We have every confidence that our new program will lead us to an economic kimberlite diamond discovery, which is our ultimate foucus.
“We are also fortunate that most of our kimberlite targets at Lulo either outcrop, or are close to surface, which makes evaluation and exploration a lot more cost-effective.”
Lucapa explained the focus of the new exploration program will be to prove up existing and new larger diamondiferous kimberlite pipes.
The company has designed the new program following a review of geological and exploration data gleaned from 296 kimberlite targets already identified at Lulo, 96 of which have been classified as proven or probable kimberlites.
Lucapa’s new kimberlite program will be undertaken in two stages, the first of which is due to commence in April this year and is anticipated to continue throughout the June quarter, at a budgeted cost of $500,000.
Email: general@lucapa.com.au
Website: www.lucapa.com.au




