Thursday, May 30, 2013

Lucara Diamond finds 239 ct stone

The big finds keep coming for Lucara Diamond Corp. The latest notable discovery is a 239.2-carat diamond from the Karowe Mine in Botswana.

In addition, two more large stones weighing 124 carats and 71.1 carats have also been recovered. The diamonds will be sent to Antwerp to be studied prior to being sold later in the year. The company explained that the diamonds were recovered from the central kimberlite domain, which has only recently become ore feed to the plant as the pit expands towards the south.

"The recovery of these large stones is hugely significant to both Lucara and Botswana,” said William Lamb, president and CEO.

BOTSWANA – Lucara Diamond Corp. of Vancouver has recovered a rare 9.46-ct Type II blue diamond from its wholly owned Karowe mine. The diamond is the first of its kind to be identified at Karowe.

Diamond production at Karowe is to be 270,000 ct in 2012 and approximately 400,000 ct/y thereafter. The mine has a life of at least 15 years based on a probable reserve from surface to a depth of 324 metres of 36.2 million tonnes containing 6.3 million ct.