Lucapa Recovers 129.6 Ct and 78.6 Ct Diamonds From Lulo

(IDEX Online) – The Lucapa Diamond Company has recovered an exceptional high-value 129.58-carat diamond from the Lulo Diamond Project in Angola.

The 129.58 carat diamond was recovered from alluvial Mining Block 6 along with another large high-value diamond weighing 78.61 carats. Testing confirmed that both diamonds are premium Type IIa D-color gems.

Lucapa Managing Director Stephen Wetherall said the latest large gem-quality diamond recoveries reinforced the extraordinary nature of the Lulo diamond field and its large-stone kimberlite potential. “This is the eighth +100 carat diamond the Lulo partners have recovered to date and the seventh in just 2.5 years of commercial mining from relatively low throughout rates.

“Explosive and erosive geological forces have deposited these very rare and valuable diamonds in a relatively localized area at Lulo. These localized recoveries, and other indicators, point to the huge potential of a large stone primary kimberlite source at Lulo.

“We continue to systematically advance our efforts to locate that primary diamond source with an ongoing drilling program funded from the strong returns being generated from the Lulo alluvial mining operations.

“Having started with a list of more than 200 anomalies, the Lulo partners are now working through a list of 70 prioritized drilling targets, systematically eliminating low interest kimberlites. We continue to assess ways to speed up this systematic drilling and sampling program – an approach we believe provides the best opportunity to unlock Lulo’s true value.”