ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

KDR Karelian Diamond Resources Plc

2.05
0.00 (0.00%)
Last Updated: 08:00:04
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Karelian Diamond Resources Plc LSE:KDR London Ordinary Share IE00BD09HK61 ORD EUR0.00025 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.05 2.00 2.10 2.15 2.05 2.15 0.00 08:00:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 10k -291k 0.0000 N/A 149.68M

Karelian Diamond Resources Plc - Claim reservation granted in area surrounding Lahtojoki

28/06/2017 7:00am

PR Newswire (US)


Karelian Diamond Resources (LSE:KDR)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Karelian Diamond Resources Charts.

Karelian Diamond Resources plc

(“Karelian” or “the Company”)

28 June 2017

DIAMOND EXPLORATION CLAIM RESERVATION GRANTED IN AREA SURROUNDING LAHTOJOKI MINING CONCESSION

  • Geophysical And Geochemical Anomalies Noted In The Claim Reservation Area

  • Claim Reservation Granted Covers An Area Up-Ice Of Previous Kimberlite Boulder Discovery
  • Claim Reservation Is Over An Area Which May Contain As Yet Undiscovered Kimberlite

Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDRI), is pleased to announce that it has today been informed that TUKES (The Finnish Mining Authority) has granted Karelian an exploration Claim Reservation in the Kaavi region of Finland.

Consideration of a series of geophysical and kimberlite indicator mineral anomalies led to the decision to apply for a Claim Reservation in the area adjacent to the Company’s Lahtojoki mining concession, announced on 19 September 2016.

The Claim Reservation covers the up-ice area of the new kimberlite boulder discovery (previously announced on 9 November 2016 and 12 January 2017) and totals an area of 8.67Km².

Petrographic and mineral chemistry studies undertaken by the Geological Survey of Finland (“GTK”) show clearly that the boulder is not derived from the Lahtojoki diamondiferous kimberlite pipe but derived from an as yet undiscovered kimberlite in the area.

A Claim Reservation gives exclusive rights to apply for exploration claims within the reservation area.

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

“I am delighted that Karelian has been granted this Claim Reservation which extends the area around the mining concession and could potentially lead to a new kimberlite discovery in time, given that the boulder comes from a yet undiscovered pipe.”

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.

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc           Tel: +353-1-479-6180
Virginia Bull / James Thomas / Nick Harriss, Allenby Capital Limited (Nomad)           Tel: +44-20-3328-5656
Ger Heffernan / Jan Fitzell, IBI Corporate Finance Limited (ESM Adviser)           Tel: +353-7662-34800
Jon Belliss / Elliot Hance, Beaufort Securities Limited (Broker)           Tel: +44-20-7382-8300
Michael Padley, Lothbury Financial Services Limited           Tel: +44-20-3290-0707
Don Hall, Hall Communications           Tel: +353-1-660-9377

www.kareliandiamondresources.com

Copyright e 27 PR Newswire

1 Year Karelian Diamond Resources Chart

1 Year Karelian Diamond Resources Chart

1 Month Karelian Diamond Resources Chart

1 Month Karelian Diamond Resources Chart

Your Recent History

Delayed Upgrade Clock