REG-Karelian Diamond Resources Plc: Karelian Identifies New Copper Target

Karelian Diamond ResourcesAnnouncement

Today 07:02

 
 


 

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

17 June 2025

 

KARELIAN DIAMONDS IDENTIFIES NEW COPPER TARGET

 
* Site of Historic Copper Mine Identified as Significant New Copper Target
* Northern Ireland Nickel-Copper-PGE Potential Enhanced
 

Karelian Diamond Resources PLC (AIM: KDR), the diamond and natural resources
exploration company focused on Finland and Ireland, is pleased to announce
that it has identified the site of the historic Cappagh Copper Mine as a
significant new copper target for investigation within its recently awarded
KDR4 licence area.  


This discovery further enhances the Company's strategic position in Northern
Ireland, complementing the already identified significant potential for
nickel-copper-Platinum Group Elements (PGE) across its broader licence
holdings in the region. The KDR4 licence area covers an area with documented
historical mining activity and geological indicators favourable for copper
mineralisation.

Initial desk-based studies and reconnaissance work have highlighted the
Cappagh Copper Mine area as a promising new target for the Company's
exploration. Further investigation and detailed exploration programmes are now
being planned to fully assess the potential of the Cappagh Copper Mine and the
adjacent area. These programmes will initially include detailed geological
mapping and geochemical sampling and will build on the significant database of
knowledge analysed by Dr. Larry Hulbert through 2024 in which he identified
Nickel, Copper and Platinum Group Elements within the Company’s licence
areas in Northern Ireland together with other potential areas for review.  Dr
Hulbert’s review also included the establishment of a comprehensive database
incorporating geology, geochemistry, geophysics, remote sensing, and base
Geographic Information System (GIS) information including TELLUS data and
gravity geophysical data.

Maureen Jones, Managing Director of Karelian Diamonds, commented:

“The identification of the historic Cappagh Copper Mine within the recently
granted KDR4 licence area is a very exciting development for the Company and
complements our existing understanding of the region's broader mineral
prospectivity, providing a tangible copper target.

We look forward to commencing a comprehensive exploration programme to unlock
the full potential of this area."

 

Further Information:

 Karelian Diamond Resources plc Brendan McMorrow, Chairman / Maureen Jones, Managing Director  +353-1-479-6180   
 Allenby Capital Limited (Nomad) Nick Athanas / Nick Harriss                                   +44-20-3328-5656  
 Peterhouse Capital Limited (Joint Broker) Lucy Williams / Duncan Vasey                        +44-20-7469-0930  
 CNC Markets (Joint Broker) Douglas Crippen                                                    +44-20-3003-8632  
 Lothbury Financial Services Michael Padley                                                    +44-20-3290-0707  
 Hall Communications Don Hall                                                                  +353-1-660-9377   

http://www.kareliandiamondresources.com

 4164941_0.jpeg (https://mb.cision.com/Public/22626/4164941/9eabcbc113fb7301_org.jpeg)  



Copyright (c) 2025 PR Newswire Association,LLC. All Rights Reserved