Lucapa Diamond Company (Asx: Lom) Kimberlite Drilling Commences At Lulo | Gem International Resources Inc.

Lucapa Diamond Company (Asx: Lom) Kimberlite Drilling Commences At Lulo

June 27, 2016, News Release

Cash generation also continues with the sale of another parcel of Lulo diamonds for A$1.2 million.

Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or “the Company”) and its partners are pleased to announce the commencement of a drilling program to test high-priority kimberlite targets at the Lulo Diamond Project in Angola.

The aim of the drilling program is to help identify the primary kimberlite source, or sources, of the large, high-value alluvial diamonds being recovered from Lulo, which include Angola’s biggest recorded diamond – a 404 carat Type IIa D-colour gem which sold for $22.5 million in February 2016 (See ASX announcements 15 February 2016 and 29 February 2016).  See full article.