Lucara PRODUCES FIRST DIAMONDS FROM MOTHAE
MINE IN LESOTHO
June 14, 2010 (LUC ? TSXV) ? Lucara Diamond
Corp. (?Lucara?
or the ?Company?) is pleased to announce that diamond production has
commenced from the Company?s Mothae
mine in Lesotho.
Mining operations commenced in late May establishing kimberlite stockpile feed for the diamond recovery
plant. Planned upgrades to this plant have been completed on time and
within budget. Plant commissioning is underway with the
process feed rate expected to ramp up to design capacity of 30,000 tonnes per
month within the next 30 to 45 days.
All diamond recovery units are functioning well and
provisional audit work on x-ray tailings indicates a high level of recovery
efficiency which was a key objective of the plant upgrade.
Mr. William Lamb, President and CEO, commented, ?This is a major milestone for the Company.
The diamond information which will be collected during the trial mining phase
is essential for Lucara as we drive Mothae forward. The progress which has been
made is a testament to the excellent work done by our team in Lesotho. We
are looking forward to realizing the value of the Mothae diamonds when we have
our first tender in the fourth quarter of this year.?
The contents of this release have been reviewed and
verified by Dr. Larry Ott a professional geologist and Lucara?s V.P.
Exploration, and by Mr. Anthony George, P. Eng, a mining engineer and Lucara?s
V.P. Development, both of whom are Qualified Persons pursuant to NI 43-101.
Lucara is an African focused diamond production
company with currently two mines under development: the newly
commissioned Mothae mine in Lesotho
and the AK6 project in Botswana.
Both projects are known for their large, high-quality, high-value diamonds including
Type IIA stones produced from the Mothae mine.
On Behalf of the Board,
William Lamb
President and CEO
For further information, please contact:
Sophia Shane, Corporate Development (604) 689-7842
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Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.