News

Advanced Search

Lucapa Finds New Source at Lulo Mine

Nov 5, 2018 8:20 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


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)
Tags: lucapa, Lucapa Diamond Company, Lulo, Lulo mine, Rapaport News
Similar Articles
Diamond FieldsDiamond Fields Pink Sells for $17K/ct.
Mar 18, 2019
A pink diamond from Namibia’s offshore drilling program fetched $17,000 per carat at a tender in Antwerp. The
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 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.