LOM 0.00% 11.5¢ lucapa diamond company limited

se 251 kimberlite

  1. 2,693 Posts.
    this is why lom is on its way to being a monster diamond deposit. people will sell for a couple of pips here or there but the real gains are made by holding. news could come at anytime here regarding more substantial diamond finds. the dms plant runs every day. lom might go lower short term but it will have a huge day in the near future. their is plenty of diamonds in this kimberlite pipe and lom has only scratched the surface.


    “I regard the recovery of these diamonds from Se251 as extremely significant because it establishes beyond doubt that this huge pipe, covering some 220 hectares (over 500 acres), is indeed diamondiferous,” said Mr Kennedy.

    “It has taken Lucapa six years to get to this point, which is only the beginning of the road ahead. As our Lulo site manager, Wessell Horak, wrote in his report ‘Yes, it seems by grace and persistence, our fortunes have changed as these are the first undisputed kimberlite diamonds we have recovered’.” “This kimberlite pipe will undoubtedly contain many different eruptive phases and, like all big pipes, the diamond grade between these phases will vary.”

    “Se251 is, of course, only one of eight pipes Lucapa has identified proximal to where we have been recovering magnificent alluvial diamonds, and we will move on to conduct preliminary sampling of Se257 and the remaining pipes in this area to see what results emerge.” “Once we have carried out preliminary sampling of these priority pipes, we will prioritise our target or targets and begin the systematic evaluation necessary to determine the economics of any kimberlite diamond deposit. By its nature, this is a slow and methodical process, with no shortcuts.”

    frosty
 
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
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Last updated 15.59pm 28/03/2024 ?
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