Karelian Diamond Resources Plc Diamond Exploration Programme Update

 
TIDMKDR 
 
[Description: Description: Karelian] 
 
Karelian Diamond Resources plc 
 
("Karelian Diamonds" or "the Company") 
 
10 October 2023 
 
DIAMOND EXPLORATION PROGRAMME UPDATE 
 
  · Pitting of kimberlite target locations in Kuhmo region completed 
 
  · Samples dispatched for laboratory analysis 
 
  · Further work including drilling planned 
 
Karelian Diamond Resources plc (AIM: KDR) is pleased to announce that the 
Company has completed a pitting programme over a series of more than twenty 
kimberlite target locations in the Kuhmo region of Finland previously identified 
by geophysics and kimberlitic indicator analysis of till samples (as announced 
by the Company on 18th July 2023). 
 
The pitted targets, extending over twenty-three locations, are up-ice from the 
location of the green diamond discovered in till by the Company in January 2017. 
 
Glacial till samples for kimberlite indicator mineral testing were collected in 
all twenty-three locations. In eight of the locations in which bedrock was 
reached the bedrock was composed mainly of granite. 
 
Each sample consisted of three c.40kg bags (approx. 120kg total) of glacial 
till. One of the c.40kg bags was kept as a reference and two of the bags were 
passed through a 2mm sieve to produce just over 30kg of sieved glacial till 
material for analysis. These sieved samples have been dispatched to Overburden 
Drilling Management Limited ("ODM") in Canada for kimberlite indicator mineral 
analysis. 
 
Upon receipt of the results from ODM the Company intends to then follow up with 
a drilling programme to test any highly anomalous results. The drilling 
programme would also test other targets within the total of thirty-eight 
kimberlite targets. These targets were identified by geophysics combined with 
kimberlite indicator mineral sampling results as well as the topography and 
geology of the area which were not, however, suitable for initial testing by 
pitting. 
 
Further results will be issued by the Company as the exploration programme 
progresses. 
 
Professor Richard Conroy, Chairman, Karelian Diamond Resources PLC commented: 
 
"I am delighted that the follow up programme on the kimberlite targets 
identified by geophysics and kimberlite indicator mineral sampling has commenced 
and look forward to announcing the results as the programme progresses." 
 
Further Information: 
 
Karelian Diamond Resources plc      +353-1-479-6180 
 
Professor Richard Conroy, Chairman 
Allenby Capital Limited (Nomad)     +44-20-3328-5656 
 
Nick Athanas / Nick Harriss 
First Equity Limited (Broker)       +44-20-7330-1883 
 
Jason Robertson 
Lothbury Financial Services         +44-20-3290-0707 
 
Michael Padley 
Hall Communications                 +353-1-660-9377 
 
Don Hall 
 
http://www.kareliandiamondresources.com 
 
 
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The following files are available for download: 
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(END) Dow Jones Newswires

October 10, 2023 02:00 ET (06:00 GMT)

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