Key points
- All 16 samples taken at 10 metre step outs from the five discovery holes contained diamonds.
- An additional sample at Site III returned 219 stones, the company’s highest single-sample count, surpassing the previous record of 215 stones.
- The company is now sampling at 25 to 50 metre intervals, with three further Site III samples totaling 217 stones.
- Following land based weighing, the average diamond size from the Luderitz concession was reassessed at 0.33 carats, up from a prior sieve based estimate of 0.25 carats.
The company’s initial step-out program from the five discovery holes in the Luderitz Bay grant is complete. The company conducted these follow up samples to test the extent of diamond enrichment. Samples were taken at 10 metre step outs from the discovery holes. All 16 samples taken contained diamonds. A summary of the results follows:
1. Site I 186 stones
(previously reported)
2. Site II 92 stones
(previously reported)
3. Site III 713 stones
(previously reported)
4. Site III
Additional sample 4 219 stones
This result is the company’s highest stone count recorded from a single sample which surpassed the earlier record of 215 stones. The hole was not fully cleared due to a mechanical problem.
5. Site IV 15 stones
(initial discovery hole)
Sample 1 20 stones
Sample 2 10 stones
Sample 3 10 stones
Total 55 stones
6. Site V 27 stones
(initial discovery hole)
Sample 1 48 stones
Sample 2 21 stones
Sample 3 30 stones
Total 126 stones
To further evaluate the areas, the company is currently sampling at 25 to 50 metre intervals. Results on Site III are:
Sample 5 120 stones
Sample 6 55 stones
Sample 7 42 stones
Total 217 stones
An aborted sample from this area contained 17 stones with an average size of 0.44 carats, including a 2 carat stone.
The previously reported average diamond size from the company’s Luderitz concession of 0.25 carats was an estimate based on seive sizes. Following land based weighing, this has now been reassessed at 0.33 carats.
The company’s program continues to test and expand areas of diamond enrichment.
