Lonrho Mining recovers two plus 5 carat diamonds from Lulo in Angola
Tuesday, October 18, 2011 by Christine Feary Lonrho Mining (ASX: LOM) has recovered 35 diamonds with total weight of 38.65 carats from its Lulo Project in Angola, with processing ongoing.
So far, just over 130 cubic metres of gravel from the Lulo Concession has been processed. The diamond grade of the material processed is 29.5 carats per 100 cubic metres, with the average size of the diamonds recovered in excess of 1 carat.
Lonrho has recovered two diamonds weighing more than 5 carats and a third weighing more than 4 carats. Most of the diamonds are considered to be gem quality.
The company excavated more than 500 cubic metres of gravel from the BLK-06 bulk sample at Lulo, part of a program to evaluate alluvial deposits within the Lulo Concession. Processing of these gravels is continuing.
The Lulo Diamond Concession is a highly prospective 3000 square kilometre area which Lonrho Mining intends to develop with Endiama, the national diamond company of Angola.
Lonrho is evaluating funding options for a $12.7 million exploration program to follow up priority kimberlite targets at Lulo.