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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.


TSX:LUC - Post by User

Bullboard Posts
Comment by nyonion Aug 15, 2017 7:10pm
181 Views
Post# 26585377

RE:RE:AK11 surprise?

RE:RE:AK11 surprise?I've already pointed out one surprise at AK11, namely that Lucara have measured it at 2.5 Ha whereas the discovering company had it on record as 0.4 Ha

ie it is 6.25 times bigger in area and nearly 16 times bigger in volume than previously thought. Moreover, it has never been drilled before.

A Q3 update last year said this:-

During Q3 a drill programme was initiated and completed at AK11 with a total of 10 core holes (1570 metres of drilling). This programme constituted the first ever drilling on AK11. Nine holes were drilled at AK11 and all intersected kimberlite, the tenth hole which did not intersect kimberlite tested a geophysical anomaly to the west of AK11. Preliminary core logging indicates that AK11 has two distinct pipe infill sequences, a well preserved crater infill (graded bedding, re-sediment kimberlite) and a more magmatic/pyroclastic kimberlite phase. Drilling confirmed the size of AK11 at approximately 2.5 hectares. Logging and sampling of the drill core is underway and results will be released when the programme is complete.

Call me old fashioned but I'd have thought the programme was complete when they moved on with a decision to go ahead with expensive bulk sample drilling. It would be nice if the company released the micro-diamond results which they must already have.
Bullboard Posts