REG-Karelian Diamond Resources Plc: Follow-up diamond exploration in Kuhmo

Karelian Diamond ResourcesAnnouncement

18/07/2023 07:15

 


 

Karelian Diamond Resources plc

("Karelian Diamonds" or the "Company")

18 July 2023

 

FOLLOW-UP DIAMOND EXPLORATION IN KUHMO

 

 
* On-site excavation and drilling to commence
* A total of thirty-eight kimberlite targets identified to date. 
* Targets located up-ice from site of the green diamond discovery 
* Target identification based on geophysical interpretation and kimberlite
indicator mineral results
 

Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR) is pleased to
notify, further to the announcement released by the Company on 24 April 2023,
that a follow up diamond exploration programme focused on excavation and
drilling in the Kuhmo region of Finland up-ice of the green diamond discovered
by the Company has commenced.

Geophysical interpretations by Jeremy S. Brett International Consulting Ltd
from drone based aeromagnetic data carried out by Radai Oy (announced by the
Company on 7 June 2022) were combined with kimberlite indicator mineral
("KIM") sampling results and the topography and geology of the area leading to
the identification of a total of thirty-eight kimberlite targets up-ice from
the green diamond discovery.

An initial site investigation programme has commenced to ascertain the
accessibility, detailed topography and geological exposures of the targets.
This will be followed by evaluation of the targets through a pit excavation
programme designed to identify bedrock kimberlite. Where bedrock cannot be
reached by excavator the targets will be tested by drilling for the presence
of kimberlite. Till samples will also be collected for further kimberlite
indicator mineral studies.

Further announcements will follow as the exploration programme proceeds.

 

Professor Richard Conroy, Chairman of Karelian Diamond Resources plc,
commented:

 

"I am delighted that a total of nearly forty kimberlite targets have been
identified up-ice of the green diamond discovered by the Company and that
these targets will now be tested by excavation and in some cases by drilling.

 

This programme marks a further major move forward in the exploration of the
highly promising Kuhmo region of Finland in which the presence of diamonds has
been confirmed in the best possible way by the Company's discovery of a green
diamond."

 

Further Information:

 Karelian Diamond Resources plc Professor Richard Conroy, Chairman  +353-1-479-6180   
 Allenby Capital Limited (Nomad) Nick Athanas / Nick Harriss        +44-20-3328-5656  
 First Equity Limited (Broker) Jason Robertson                      +44-20-7330-1883  
 Lothbury Financial Services Michael Padley                         +44-20-3290-0707  
 Hall Communications Don Hall                                       +353-1-660-9377   

 

http://www.kareliandiamondresources.com

 

 

 

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