Far East Capital Newsletter
Spectacular drill result from Lucapa's Brooking diamond discovery in WA
1 Sep 2018

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Spectacular drill result from Lucapa's Brooking diamond discovery in WA

A couple of months ago I mentioned the drilling campaign underway and the possibility that Brooking could lead the charge in a new diamond exploration boom in WA. Well, Lucapa has delivered exactly what the good doctor ordered with its second drill hole, reported last Tuesday.

Drill hole LSC/DH002 has returned 18 macro-diamonds (>0.5mm) and 1,082 micro-diamonds from a 178 kg sample. Given the scarce distribution of diamonds in any deposit, it is amazing that this number of diamonds could be recovered from a 4 inch diameter drill core. It is believed to be the best ever drill result from diamond exploration in Australia, by a factor of three. It is 10x better than the first drill hole at Brooking, which returned 119 micro and macro diamonds. LSC/DH002 was drilled 30m north of this first hole. 

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