Karelian Diamond Resources Share Discussion Threads

[stevehoops] 28/6/2017 07:04

RNS
Today 07:03
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 (“KarelianR21;) (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.

[goldeneye5] 27/6/2017 19:53

Hard to tell. If it's a sell, could the overhang have been cleared? If it's a buy, then there must still be an overhang as a trade like that should move this more than 5%. I suspect it's a buy, just in time for news possibly. I cannot see June passing without an RNS. Just get the feeling we could be close!

[shambaby] 27/6/2017 18:21

Late trade a buy?

[catswhiskas] 27/6/2017 17:03

Anyone know how many shares were being offered at .55 this afternoon ?

[stevehoops] 27/6/2017 16:56

Unless Alrosa have something to say

[stevehoops] 27/6/2017 16:48

Great spot Goldeneye.
You may very nearly of hit the nail on the head.

[shambaby] 27/6/2017 16:39

Rio will have money to invest due to coal sale.

[goldeneye5] 27/6/2017 16:36

Rio Tinto appears to have beeen making some moves in the diamond mining space in the past couple of weeks.....Is Karelian the next stop?... very possible!

[stevehoops] 27/6/2017 16:20

Soon be many many many many times that imho

[goldeneye5] 27/6/2017 16:10

Sorry £3 million approx market cap.

[catswhiskas] 27/6/2017 16:07

Current market cap is 3.07 million

[shambaby] 27/6/2017 15:52

Cap of £2m ??? Its £3m I think

[goldeneye5] 27/6/2017 15:34

Forgetting about all the other assets we have, Lahtojoki will be a diamond mine. Our share price is approx 0.5p and we have a market cap of £2 million. This is for a company which at a bare minimum is about to have a Diamond Mine....three letters come to mind..... WTF!!If you hold these shares you are smiling.

[catswhiskas] 27/6/2017 14:21

Famous last words but I think the overhang has just about dried up if the bucket shop still had stock to shift they would be aggressively trying to sell it on whilst the share price is blue and volume would be higher fingers crossed this'll start to move up now.

[tedrux] 27/6/2017 13:46

Nice to see some buying activity!

[shambaby] 27/6/2017 13:23

Think 20 is a nice round number Hoops :)

[shambaby] 27/6/2017 13:16

I am guessing your good friend Mr O ;-)
Will grab myself another £2500 now do t want to miss out

[stevehoops] 27/6/2017 13:11

No pot now empty sham .
18 mil should be enough lol

I know a man who has thou

[shambaby] 27/6/2017 13:04

You topping up Hoops? Few chuncky buys coming in

[shambaby] 27/6/2017 12:35

I fully expect help will be on board. Current Funds can't warrant expansion. Looking forward to confirmation

[goldeneye5] 27/6/2017 12:31

Absolutely shambaby, good point.......they expected adjacent ground to be richer at the time of the AGM. Finnish govt are keen to push things on here. This is seriously exciting. I think news from now on will be significant.

[shambaby] 27/6/2017 12:24

You don't extend a claim unless the data is positive ;-)

[goldeneye5] 27/6/2017 12:14

In light of goings on at cgnr, kdr need to hit the market with some big news soon.