Lucapa Finds New Source at Lulo Mine

RAPAPORT… Lucapa Diamond Company has
extracted 1,502 carats of rough during testing at a new alluvial diamond source
adjacent to its Lulo mine in Angola.

The yield included 17 stones
weighing more than 10.8 carats each, as well as a 55.30-carat, D-color, type
IIa stone. The average diamond size was 1.40 carats, Lucapa said.

The new source is located in the
previously untested flood plains at Lulo. Lucapa has previously only mined from
the nearby terrace deposits, which are located along the Cacuilo River valley.
Based on the results, the miner will also begin testing other flood-plain areas
at Lulo, it added.

“The positive results from the
first of these flood-plain areas tested…demonstrate the potential to open
additional and expansive new mining areas at Lulo,” the company said.

Image: The 55.30-carat diamond discovered in the flood plains at Lulo. (Lucapa Diamond Company)