Botswana Awards Two Prospecting Licenses To Lucara

(IDEX Online News) – Botswana has granted Lucara Diamond Corp. two precious stone prospecting licenses within the Orapa kimberlite field close to the Karowe diamond mine, with both prospecting license areas hosting known diamondiferous kimberlites.

CEO William Lamb commented, "Lucara is extremely pleased to be granted these licenses and looks forward to working toward expanding our resource base. The Orapa kimberlite field is a world class location for diamond deposits and the opportunity to further evaluate known kimberlites within this region and provides the opportunity to apply knowledge gained from the Karowe mine to other pipes in the same region."

Block A or the BK2 license is approximately 30 km to the east of Lucara's Karowe diamond mine. Previous operators conducted microdiamond sampling on drill chips and surface trench material.

The previous operator concluded that many of the microdiamonds were fragments of a larger diamond that was likely broken during sampling. Lucara plans to conduct a full site assessment and locate areas amenable for the extraction of a large volume of kimberlite for diamond content and size distribution analysis.

Block E is located to the south and east of Debswana's Orapa mine lease and approximately 15km to the north of Lucara's Karowe diamond mine. The prospecting license holds four known kimberlite occurrences.

The AK13 and 14 occurrences are poorly understood and may be dykes.

Lucara will initiate work programs on the two prospecting license areas as soon as practical and once all permits and approvals have been received.