Lucapa Diamond Company (ASX: LOM) has discovered more diamonds at its 80%-owned Brooking project, situated 50km from the renowned yellow diamond historically producing Ellendale mine in Western Australia.
Assays from one drill core sample at the Little Spring Creek prospect returned 119 diamonds, including seven macro-diamonds up to 1mm.
“The high concentrations of micro-diamonds and macro-diamonds recovered from the Little Spring Creek drill core sample is extremely encouraging and the counts are very similar to the MIDA results from the Ellendale E9 and E4 diamond pipes 50km west in the West Kimberley lamproite field,” Lucapa managing director Stephen Wetherall said.
He added the drilling program’s goal was to identify lamproitic material from targets identified during earlier surface sampling.
The drilling program at 118 square kilometre Brooking project began in late October and finished last month with the drill core transported for testing.
Following the Little Spring Creek discovery, Lucapa will undertake follow up drilling and geophysics works to define the lamproite body limits at the prospect.
However, due to the region’s current wet season road access to site has been hindered. The company will carry out exploration as soon as the project is accessible.
Exploration will also be undertaken at other targets within Brooking.
In addition to Brooking, Lucapa owns a few other diamond projects including Lulo, where the company just recovered its ninth +100 carat diamond after beginning mining operations two years ago.
Lulo encompasses 3,000sq km in Angola. Lucapa is mining Lulo via a joint venture with Angola’s national diamond company Empresa Nacional De Diamantes and a private partner Rosas & Petalas.
In late November last year, the joint venture sold 4,126 carats extracted from Lulo for A$9.6 million.
The next Lulo diamond sale is scheduled for early this year and will include 2,160 carats.
Lucapa’s share price had soared more than 28% by mid-morning trade to A$0.27.