Karelian Diamond Res. Extension of Riihivaara Kimberlite Body

 
TIDMKDR 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulation 
("MAR").  Upon publication of this announcement via a Regulatory Information 
Service ("RIS"), this inside information is now considered to be in the public 
domain. 
 
                        Karelian Diamond Resources plc 
                         ("Karelian" or "the Company") 
 
                                                                  16 March 2017 
 
                    EXTENSION OF RIIHIVAARA KIMBERLITE BODY 
 
  * 100 Metre Extension to the North West Shown by High Concentrations of 
    Kimberlite Indicator Minerals In Till Samples 
 
  * Up-Ice Samples Indicate that Riihivaara Kimberlite Body is Probable Source 
    of the Kimberlite Indicator Minerals 
 
  * Riihivaara Kimberlite Body Remains Open to North West, South East and to 
    Depth 
 
 
 
Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), is pleased 
to announce a 100 metre extension to the North West of the Riihivaara 
kimberlite body. The extension was indicated by the results of a series of till 
samples taken by the Geological Survey of Finland ("GTK") on behalf of the 
Company. 
 
Samples taken along trend to the North West of the known kimberlite body showed 
high concentrations of Kimberlite Indicator Minerals ("KIMs") indicating a 
further 100 metre North Western extension to the known 250 metre kimberlite 
body extent.  The Riihivaara kimberlite body remains open in both directions 
along strike and to depth. 
 
The KIMs included 47 purple to red peridotitic garnets (G9/10 Cr-pyrope), 18 
orange mantle garnets and 64 chromite grains, in the 0.25 to 0.5 mm size range; 
 plus 2 purple to red peridotitic garnets (G9/10 Cr-pyrope), 4 orange mantle 
garnets and 5 chromite grains, in the 0.5 to 1.0 mm size range. 
 
The results of samples collected in an up-ice direction from the kimberlite 
body returned low counts of chromite grains indicating that the Riihivaara 
kimberlite body is the probable source of the KIMs. 
 
All samples will undergo further analysis by scanning electron microscopy to 
classify them. 
 
This release has been approved by Kevin McNulty PGeo, who is a member of the 
Company's technical staff and holds a BSc/MSc in Geology and Remote Sensing, in 
accordance with the guidance note for Mining, Oil & Gas Companies issued by the 
London Stock Exchange in respect of AIM Companies, which outlines standards of 
disclosure for mineral projects. 
 
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented: 
 
"This further extension of the Riihivaara kimberlite body taken in conjunction 
with the recent discovery of a diamond in a till sample adds to the diamond 
prospectivity of the Kuhmo region" 
 
Further Information: 
 
Professor Richard Conroy, Chairman, Karelian Diamond Tel: [phone] 
Resources plc 
 
Virginia Bull / James Thomas / Nick Harriss, Allenby Tel: [phone] 
Capital Limited (Nomad) 
 
Ger Heffernan / Jan Fitzell, IBI Corporate Finance   Tel: [phone] 
Limited (ESM Adviser) 
 
Jon Belliss / Elliot Hance, Beaufort Securities      Tel: [phone] 
Limited (Broker) 
 
Michael Padley, Lothbury Financial Services Limited  Tel: [phone] 
 
Don Hall, Hall Communications                        Tel: [phone] 
 
www.kareliandiamondresources.com 
 
 
 
END 
 

(END) Dow Jones Newswires

March 16, 2017 03:00 ET (07:00 GMT)