Lucapa Identifies Promising Base Metal Targets at Merlin Project

The latest announcement is out from Lucapa Diamond Co. Ltd. ( (AU:LOM) ).

Lucapa Diamond Company Limited has announced promising results from a geophysical survey at its Merlin Diamond Project in the Northern Territory. The survey identified two large base metal targets with similar geology to the nearby McArthur River zinc-lead mine, which is one of the world’s largest. These findings have potential implications for expanding the company’s mineral resources and advancing its exploration efforts. The company plans further ground-based geophysics to better define these targets and is looking forward to additional results that may reveal new kimberlite or base metal targets.

More about Lucapa Diamond Co. Ltd.

Lucapa Diamond Company Limited is involved in the mining and exploration industry, focusing on diamond projects. The company is engaged in the discovery and development of diamond resources, with a particular interest in high-value kimberlite deposits and other mineral assets.

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Technical Sentiment Consensus Rating: Buy

Current Market Cap: €3.62M

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