Lucara Diamond Corp. Reports 310 Carats Recovered From BK02-2 Mini-Bulk Sample

(IDEX Online) – Lucara Diamond Corp. reports that 309.79 carats were recovered from the processing of 5,021 tonnes of ore at its BK02-2 site in Botswana, making a sample grade of 6.2 cpht (carats per hundred tonne).

The largest diamond recovered was a 4.56-carat white/grey octahedron. A total of 22 stones were recovered greater than 1 carat in weight, including five diamonds in excess of two carats (including the 4.56-carat diamond).

The sample was collected from the same location as the results announced on June 13, 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.

Diamonds were exported to the Lucara Sales and Sorting office for final cleaning and sizing. The second phase sample results confirm the coarse size distribution of the BK02-1 sample.

William Lamb, President and CEO, commented, "Results of the second BK02 mini bulk sample are very encouraging with the improvement in the grade and confirmation of the coarse nature of the BK02 diamond size distribution. The combined parcel of diamonds is suitable for a preliminary diamond valuation which we expect to provide to the market in the second quarter of 2017. The next stage of exploration at BK02 will be to develop an understanding of the diamond content and size distribution continuity at depth."