Lucapa Finds New Diamond Source at Lulo

RAPAPORT... Lucapa Diamond Company hasextracted 1,502 carats of rough during testing at a new alluvial diamond sourceadjacent to its Lulo mine in Angola. The yield included 17 stonesweighing more than 10.8 carats each, as well as a 55.30-carat, D-color, typeIIa stone. The average diamond size was 1.40 carats, Lucapa said. The new source is located in thepreviously untested flood plains at Lulo. Lucapa has previously only mined fromthe nearby terrace deposits, which are located along the Cacuilo River valley.Based on the results, the miner will also begin testing other flood-plain areasat Lulo, it added. "The positive results from thefirst of these flood-plain areas tested...demonstrate the potential to openadditional and expansive new mining areas at Lulo," the company said. Image: The 55.30-carat diamond discovered in the flood plains at Lulo. (Lucapa Diamond Company)