Currently, only a small percentage of the extensive leziria areas along the Cacuilo river are included in the published Lulo JORC classified inferred resource
Lucapa Diamond Company and its partners Empresa Nacional de Diamantes E.P. (“Endiama”) and Rosas & Petalas are pleased to provide an update on alluvial diamond activities and the search for the hard rock source(s) of the alluvial diamonds being mined at the Lulo project in Angola.
ALLUVIAL DIAMOND PRODUCTION RECORDS
As set out in the Quarterly Report for the period ending 30 June 2020 and the Annual General Meeting presentation (ASX announcements 9 July 2020 and 30 July 2020) alluvial exploration and mining activities have, since June 2020, focussed on the Mining Block 06 flood plain (leziria) areas, with high grades, thick gravels and large diamond recoveries reported.
Gravel extraction from this Mining Block 06, considerably aided by the recently expanded earthmoving fleet, has continued to produce excellent results with a new monthly carat record reached for July 2020 of 3,462 carats almost immediately followed by a new daily carat record of 463 carats achieved in early August 2020. This surpasses the earlier daily carat record from the day the 404 carat “4th February Stone” diamond, Angola’s largest recorded diamond, was recovered from Mining Block 08 in early February 2016.
The gravels contained in the leziria areas represent a potential major source of additional resource and alluvial mine life. Currently, only a small percentage of the extensive leziria areas along the Cacuilo river are included in the published Lulo JORC classified inferred resource, which contains ~100,000 carats at an average diamond value of US$1,620 per carat.
As set out in the 30 July 2020 ASX announcement, the excavation of the two L071 bulk samples had been completed. The road haulage contractor has since commenced and completed the transport of the ~4,000t of L071 kimberlite material to the plant stockpile area and has commenced transporting the recently excavated L072 kimberlite bulk sample.
The transport of the L072 kimberlite material to the plant stockpile area will be completed by the haulage contractor this week, where after the material from both the L071 and L072 kimberlite bulk samples will be independently processed.
Source: Company Press Release