BACK

Lucapa announces maiden Mothae resource estimate

25th March 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – ASX-listed Lucapa Diamonds has published a maiden Joint Ore Reserves Committee-compliant resource estimate for the Mothae kimberlite pipe, in Lesotho.

The Mothae project is located about 5 km from Gem Diamonds’ Letšeng mine.

The resource estimate, prepared by Johannesburg-based consulting company MSA Group, included an indicated and inferred resource of 38.96-million tonnes at an average grade of 2.7 carats per hundred tonnes (cpht), containing 1.04-million carats to a depth of 300 m.

MSA has modelled the Mothae kimberlite to a total depth of 500 m below surface, corresponding to a total estimated 77.4-million tonnes.

The indicated resource is 2.39-million tonnes at an average grade of 3 cpht, with the balance of 36.57-million tonnes at a grade of 2.7 cpht classified as inferred.

The resource estimate assigns an average value of $1 063/ct, which the company ascribes to the presence of high-value Type IIa diamonds.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The login details you entered is incorrect. Please try and re-enter your username and password. If you continue having problems, please contact us at subscriptions@creamermedia.co.za for assistance.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

R/€ = 20.5444 Change: 0.0907
R/$ = 19.2241 Change: 0.1134
Au 2324.83 $/oz Change: 2.80
Pt 916.00 $/oz Change: -4.10