News

Advanced Search

Lucara Sample Yields 4.56ct. Diamond

Mar 7, 2017 10:24 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Lucara Diamond Corporation has recovered rough diamonds weighing more than 1 carat apiece – including one weighing 4.56 carats – from an ore sample that came from its BK02 exploration project in Botswana.

That largest stone was a white-grey octahedron, the miner said on Monday. In total, the company recovered 22 diamonds of more than a carat each, including two stones that exceeded 2 carats.

The combined weight of all the diamonds recovered from the 5,021-tonne sample was 309.79 carats, at a sample grade of 6.2 carats per 100 tonnes of ore.

Together with an earlier sample from BK02, Lucara has recovered a total of 584.12 carats from 10,937 tonnes of kimberlite at a sample grade of 5.3 carats per hundred tonnes. The three largest diamonds from the two samples weighed 5.48 carats, 4.56 carats and 2.71 carats respectively.

The diamonds from the test are due to be valued independently early in the second quarter of 2017.

Lucara’s chief executive officer, William Lamb, described the results as “very encouraging.”

Meanwhile, the company’s share price ended Monday unchanged.
Tags: BK02, Botswana, exploration, lucara, Lucara Diamond Corporation, Octahedron, Rapaport News, William Lamb
Similar Articles
Alrosa 2017 Rough Sales Decline 150Alrosa Sees Sales Decline in 2017
Jan 14, 2018
Alrosa’s diamond sales fell in 2017 as an influx of lower-value rough reduced the average price it achieved. Combined
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.