Lucara Diamond Corp.: Karowe Mine Produces First Diamonds

VANCOUVER – Lucara Diamond Corp. is an emerging new diamond producer. It’s two key assets are the Karowe diamond mine in Botswana and the Mothae diamond mine in Lesotho. The 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was completed and with commissioning underway within 18 months following the full feasibility study. The 75% owned Mothae mine is currently in the trial mining stage. 

“The successful ore commissioning and recovery of the first production diamonds, especially including some high quality large diamonds, is an exciting time for the entire construction and operations team.” Mr. William Lamb, President and CEO of Lucara Diamond Corp., commented

Lucara Diamond Corp. reported that the Karowe Mine process plant ore commissioning is progressing according to schedule and that first production diamonds have been recovered. The quantity and grade of diamonds recovered during the very first ore run has been outstanding and reinforces our high expectations for this new state-of-the-art mine.

HIGHLIGHT’S

 

• Over 5,300 carats of diamonds have been recovered from ore mined from the upper benches of the North Lobe of the deposit.
• Several large diamonds have also been recovered including 4 special stones larger than 10.8 carats. The three largest stones recovered are 25.88 carats, 16.55 carats and 14.56 carats.
• Scheduled ore commissioning activities, which include specific run-time tests on the autogenous mill, will continue through April with the facilities progressively being handed over to the operations team. Production will continue to ramp up to full capacity through Q2.
• Lucara intends to have its first sale of diamonds recovered from the Karowe Mine during the first two weeks of June 2012.
• Picture of the first production diamonds recovered from the Karowe Mine can be found on the companies website at www.lucaradiamond.com.

 

  

 

FULL REPORT: [ marketwire ]

Adrian Mitchell at WoodlawnPost@yahoo.com

 

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Posted by WoodlawnPost on Apr 24 2012. Filed under Diamonds, Investments. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.