VANCOUVER, July 18, 2019 /CNW/ - (LUC – TSX, LUC – BSE, LUC
– Nasdaq Stockholm)
Please view PDF version of news release.
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to
announce that the winning submission for the naming of the 1,758
carat diamond has been chosen. Meaning "rare find" in Setswana, the
name Sewelô was selected from over 22,000 submissions in a contest
open to all citizens of Botswana.
The announcement was made during a gala event hosted by Lucara
Botswana in the presence of His Excellency Dr. Mokgweetsi Eric
Keabetswe Masisi, President of the Republic of Botswana. The
unbroken 1,758 carat stone was mined from the EM/PK(S) unit of the
South Lobe and was recovered through Lucara's XRT circuit in
April 2019.
Lucara has completed its analysis of the Sewelô Diamond and is
considering next steps toward selling the diamond. Lucara is
committed to ensuring that the Sewelô Diamond has a lasting and
positive impact for Botswana and
is proud to have once again invited and engaged with the people of
Botswana to choose the name of
such an iconic diamond recovered at the Karowe Mine.
Eira Thomas CEO commented: "The largest diamond recovered in
Botswana's history was named by
the people of Botswana this
evening in a celebration of Botswana's success. Lucara is proud to share
our achievements with all stakeholders in Karowe and the people of
Botswana. We are in the process of completing an analysis of
the Sewelô and we look forward to sharing the results of this rare
find."
Eira Thomas
President and Chief Executive Officer
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ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Mine in
Botswana. The Company has an
experienced board and management team with extensive diamond
development and operations expertise. The Company operates
transparently and in accordance with international best practices
in the areas of sustainability, health and safety, environment and
community relations.
The information in this release is accurate at the time of
distribution but may be superseded or qualified by subsequent news
releases.
The information was submitted for publication, through the
agency of the contact person set out above, at 4:15 PM Pacific Time on July 18, 2019.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and
elsewhere constitute forward-looking statements as defined in
applicable securities laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible" and similar
expressions, or statements that events, conditions or results
"will", "may", "could" or "should" occur or be achieved.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and
they are subject to a number of known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievement
expressed or implied by such forward-looking statements. The
Company believes that expectations reflected in this
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be accurate and such
forward-looking information included herein should not be unduly
relied upon. In particular, this release contains forward looking
information pertaining to the potential sale of the Sewelô Diamond
and the potential benefits to Botswana from the sale of the Sewelô.
Accordingly, readers are cautioned not to place undue reliance
on these forward-looking statements which speak only as of the date
the statements were made, and the Company does not assume any
obligations to update or revise them to reflect new events or
circumstances, except as required by law.
SOURCE Lucara Diamond Corp.