Welcome to the Lucara Diamond Hub On AGORACOM

Building a leading African-focused diamond production and development company.

Free
Message: Lucara Diamond Up More Than 3% as Provides Exploration Update

 

2017-03-07 10:00:00 AM ET (MT Newswires)
   
   

10:00 AM EST03/07/2017 (MT Newswires) -- Lucara Diamond Corp. (LUC.TO) is up 3.24% after announcing the results of the second BK02 mini-bulk sample.

A total of 309.79 carats were recovered from the processing of 5,021 tonnes of BK02-2, for a sample grade of 6.2 cpht (carats per hundred tonne). The largest diamond recovered was a 4.56 white/grey octahedron. A total of 22 stones were recovered greater than 1 carat in weight, including 5 diamonds in excess of 2 carats in weight (inclusive of the 4.56 carat diamond). The sample was collected from the same location as the results announced on 13 June 2015, after a drill and blast sample was taken to deepen the sample pit, followed by excavation and trucking to the Karowe Mine where processing was conducted through a 15 tonne per hour Bulk Sample Dense Media and X-ray Recovery Plant.

Lucara reported that the combined BK02-1 and BK02-2 samples yielded a total of 584.12 carats, recovered from 10,937 tonnes of kimberlite for a sample grade of 5.3 cpht. A total of 46 diamonds have been recovered greater than 1 carat in weight, including 8 diamonds greater than 2 carats in weight. Three largest diamonds recovered, 5.48, 4.56, 2.71 carats

The diamonds recovered are scheduled to be independently valued early in the second quarter of 2017.

Price: 2.87, Change: +0.09, Percent Change: +3.24

Share
New Message
Please login to post a reply