(IDEX Online) - Lucapa reports "promising" results in its search for alluvial diamonds in Lulo, Angola.
The ASX-listed Lucapa Diamond Company says 45 diamonds of up to 3.75 carats, and a number of D-colours (according to preliminary analysis), have been recovered from stream bulk sampling.
The exploration of hard-rock kimberlite sources is taking place in the Canguige tributary draining into the Cacuilo River valley, which hosts some of the world's most valuable alluvial diamonds.
It follows a detailed technical review of all previous exploration results, which defined more than 100 kimberlites within the Lulo concession.
Drilling has started at five prospective pipes and two other priority targets identified in the Canguige catchment.