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Lucapa Diamond Co. Identifies New Targets in Angola

May 3, 2013 1:30 PM   By Jeff Miller
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RAPAPORT... Lucapa Diamond Company Limited confirmed that new aeromagnetic survey data from its Lulo Diamond Concession in Angola identified eight new kimberlite targets.

The preliminary data, provided from Fugro Airborne Surveys, came from a 70-square-kilometer strip of the Lulo concession near where Lucapa has recovered diamonds of up to 131.4 carats from its alluvial sampling operations, according to the firm.

This new data provides Lucapa with an opportunity to evaluate the area, the most significant of which is  Se251,  a large magnetic feature located between Lucapa's current camp and dense media separation (DMS) diamond plant site. Exploration pitting immediately north of the DMS plant site has located a kimberlite that is thought to be part of Se251. This kimberlite is currently being sampled and will be processed though the DMS plant in the coming weeks.

Fugro is expected to finish flying the aeromagnetic survey over the northeastern part of the Lulo concession next week.

Tags: Angola, Jeff Miller, kimberlites, lucapa, survey results, target
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