Karelian Diamond Resources Share Discussion Threads

[stevehoops] 18/7/2017 22:48

GOLD LABEL NIGHT IT IS BONNIE LOL

[goldeneye5] 18/7/2017 21:11

A reminder.....Notes from AGM for KDR...........When asked about a takeover......The prof said that during the year 355 garnet and sample analysis were carried out by Rio in their lab. This was at Rio's own cost of in excess of €350,000. They do not have to do that. It is clear from both Rio and Alrosa that they are keen on the Karelian Craton. Whilst the prof spoke openly about the deal with Rio and how it was great, he then immediately followed that up with talking about Alrosa, leading to him making the statement that whilst we have an agreement with Rio, "we are still looking at it on a commercial basis, and if someone makes us a very good offer we will say thank you very much and take it". If not we will go ahead ourselves.When asked about if there has been any takeover bids. The prof said that at this stage no. He then went on to say that we are at the moment in a very good situation in that we had acquired the LAHTOJOKI DIAMOND PROJECT and the mining permit. This continues until 2019 without KDR having to do any thing at all. KDR have to just show serious intent by 2019. However the prof went on to say that they would like to move a lot earlier than 2019. This was all under the old Finnish mining law. They have brought in a new law, however given that it would now take 5 yrs to re-apply for permission all over again the government are prepared to grant KDR further permissions under the old mining legislation, however the government told KDR that they hoped that KDR would reciprocate this by moving to a mine as quickly as possible (no legal obligation to do so). The Finnish government are very keen to get the mine up and running for three reasons:1. Revenue and financial aspects2. They want to have the first diamond mine in Europe outside the Russian mines.3. The government hope, as in Canada, that there is a specific mark on the diamonds and there would be a premium on the diamonds.The prof then went on to say that the AGM group were a jewellery group and they felt that they didn't have the mining expertise to take it on. So they were very happy to do the deal with KDR. The prof went onto say that AGM ( a and g mining) will do very well out of the deal when the mine is in place and is producing. KDR have no serious expenditure at this stage, just a nominal amount. Hence it's a very good arrangement for both parties. He then said that Rio could come in, however they are really interested in the huge scale mine if we make the discovery at Riihivaara, which may take €200-300million to develop and Rio would put up the entire capital costs under the terms of their agreement, which would see KDR retain 49%. He then went on to say that de beers are no longer controlling the market like they did before. Alrosa are the largest and they have stated that they see there future in the Karelian craton. This info came out when Alrosa were doing a funding in London and had to disclose documentation which revealed this. The prof said that the Russians rarely give much away. He then referred to the original question re takeover, saying while we have great agreement with Rio, if we get a good offer we will take it. The more I think about it the more I am sure he was suggesting an Alrosa takeover bid. We do know Alrosa geologists visit Kdrs licencesRio have classified Riihivaara as a "high priority ore body". I am fairly sure that was the exact wording. Rio just spent €350,000 -€400,000 of their own money to test KDR garnets. They said likely to be diamondiferous. If RTZ ( Rio Tinto) look to build a mine at Riihivaara for £ 200 or 300 million and KDR have 49%, then the uplift to KDR would be beyond belief. As for Pipe 7 (Lahtojoki) and adjacent land. The prof said that they are going to do a little more work on the land adjacent to Pipe 7 as they think it could be richer than previously believed. I think the belief is that there may be another source of diamonds right next to Pipe 7 and GTK are chasing this up for the company. Hence they will remodel the mine. When it comes to building a mine and the money needed to build it, I noted that they do not anticipate any problem in getting the money. Take from that what you like, but I think I have a fair idea why they were so happy at the AGM. I have never seen them so happy at an AGM.Bloomberg reported 7th December Rio Tinto to expand the miners diamond business, according to Bloomberg today. Rio said the only path to expansion is acquisitions. Jean Sebastian Jacques, the Rio Tinto Group CEO told Bloomberg. He told Bloomberg that acquiring more diamond assets is the "priority area"! They are going to continue to refocus their portfolio to ensure that 10 years down the road they will have only world class assets. As far as I am aware Rio have classified a KDR discovery as "High Priority", which was why they paid for previous analysis in Australian lab.This could be very good for KDR. I noticed another guy who was also at the AGM posted his summary so I will include his post as it's accurate- From memory, whilst I wait for my flight home.A very upbeat AGM today, well attended and well received.The Lahtojaki diamond mine will go in production sooner rather than later.Funding obviously needed but will not be a problem. Deadline of 2019 but The Prof told everyone today it will be much sooner than that.GTK are currently working on an additional area which is proving very interesting, once that work is finished, then the funding requirements will be known. That was confirmed by to us by the senior geologist as well.The Prof spoke re the keenness of RTZ to continue with the analysis of the Riihivaara project and samples taken.He spoke for once re figures needed to bring it into development, said it could be £200/£300 million, which shows the scale of the project involved.Obviously, that figure is way beyond KDR but not out of the reach of majors.Back to Lahtojaki, the cost for that to be brought into production is relatively cheap for many reasons explained clear and concisely by Kevin McNulty. They are very eager to get this under way now, so I'd imagine serious moves made after further investigation.Also mentioned were the boulders around K-K, current work is to establish which direction they originate from, once established that becomes pivotal for reasons mentioned by the team today.Those present today will verify the diamonds displayed,.......who knows re a RNS......they could have come from a subsidiary.....not bad for 4euros.Anyone doubting KDR now seriously want to give their head a wobble.

[stevehoops] 18/7/2017 19:50

LAHTOJOKI
Cast back YOUR MEMORY to last AGM.
I BELIEVE THE PROF
STATED THE LAST OWNERS WERE NOT PARTICULARLY GOOD!!!!!!!!!!!!!!

Now we have almost doubled the size .
THEY HIT MORE COUNTRY ROCK THEN KIMBERLITE WHERE WE WENT IN AND HIT THE SWEET SPOT .!!!!????

PLUS FINDING ANOTHER POSSIBLE PIPE SYSTEM .

[stevehoops] 18/7/2017 19:39

European Diamonds has announced that evaluation work on the promising Lahtojoki pipe in
Kaavi has begun. In 2004, the company took a 1.8 tonne bulk sample from this prospect which
resulted in the very-encouraging grade of 44 carats/100 tonnes. Since 23 per cent of the 1,096
stones recovered were macro diamonds, a mine is a distinct possibility.
According to European Diamonds, it is the only exploration company in this field that will
move from explorer to substantial producer in the short term.
www.europeandiamondsplc.com/s/Home.asp
III. The Lahtojoki Project
The kimberlite pipe at Lahtojoki was discovered in 1988 by Malmikaivos/Ashton. At the time of
discovery it was the seventh kimberlitic body found in Finland, and is sometimes referred to as
Pipe #7. Covering two hectares in surface area, the pipe is located 45 kilometres from the regional
centre of Kuopio in central Finland in an area with excellent iunfarstructure. In October 2004,
European Diamonds announced “Final analysis of the recent 1.8 tonne drill sample taken from
the Lahtojoki kimberlite pipe in Finland has yielded further significant numbers of diamonds.
Evaluation work at the promising Lahtojoki kimberlite pipe begins with a 5,000 up to 10,000
tonne bulk sample due to be collected by mid 2005.”
According to the company’s press release on 12th October 2004: “Independent analysis of
180 samples has now been completed in accordance with internationally accredited standards.
In total, 1,096 diamonds greater than 0.15 mm have been recovered from these samples and
the sample has yielded 460 diamonds greater than 0.5 mm in one direction. Diamonds greater
than 0.5 mm in one dimension classify as macro diamonds. 13 stones were measured on the
commercial-size +0.85 mm sieve category. These results indicate a grade of 0.44 carats per tonne
for this 1.8 tonne composite drill sample.”

[stevehoops] 18/7/2017 18:20

WE HAVE macrodiamonds

Artic star dont

We have a diamond mining PERMIT
RIO AND ALROSA ARE ALL OVER US LIKE A RASH.

[stevehoops] 18/7/2017 17:55

The Seitaper¤ pipe, at 6.9 hectares, is the largest known kimberlite pipe in Finland. Previous drilling by the Company resulted in the recovery of 67 diamonds from 100kg including six macrodiamonds and 61 microdiamonds, some of which may be fragments of a larger diamond or diamonds which were present in the mantle xenoliths and broke apart during processing. These earlier findings suggest that there is potential for larger diamonds in Seitaper¤ with the majority of the kimberlite remaining untested.

The Company is also conducting exploration in other parts of Finland, based on the results of the first review and integration of the extensive database, including the results from over 53,000 till samples, which Rio Tinto has made available to the Company under the terms of the Confidentiality Agreement entered into with Karelian in July 2010.

YER TIS FOLKS
COMPARE !!!!!!!!!????????????

Now this is courtesy of Keyser.! !!!
Note the world class statement.

The high microdiamond count, 77 stones (greater than 0.15mm), from the two small samples totaling 60.1kgs (European plus Arctic Star Caustic Fusion samples) is a world class result

Go compare. !!

[stevehoops] 18/7/2017 17:19

sunrise diamonds mining finland
IN GOOGLE AND BOTTOM OF PAGE

[stevehoops] 18/7/2017 17:13

Mineral Deposits of Finland - Page 345 - Google Books Result

Wolfgang Derek Maier, ‎Raimo Lahtinen, ‎Hugh O'Brien - 2015 - ‎Science
CHAPTER KIMBERLITE-HOSTED DIAMONDS IN FINLAND H. O'Brien 4.4 ABSTRACT The ... This reality has pushed diamond exploration and mining into extreme ... SD = Sunrise Diamonds press release 1Sunrise Diamonds also reported.

[stevehoops] 18/7/2017 17:06

A must read if you want to understand the full concept of Diamond mining in Finland all ours are there
pages 352 and scroll down

enjoy

Mineral Deposits of Finland - Page 345 - Google Books Result

[stevehoops] 18/7/2017 16:54

Diamond exploration in Finland
Malmikaivos Oy, a small Finnish copper mining company, initiated diamond exploration in the 1980's after discovering a train of kimberlite glacial boulders. Malmikaivos Oy established a joint venture with the Australian company Ashton Mining Ltd. in 1986 and in 1994 Malmikaivos Oy became fully owned by Ashton. Ashton’s countrywide regional sampling program has identified several separate and distinct areas in Finland from which kimberlite indicator minerals are sourced. Ashton has discovered 24 kimberlites and related rocks in Finland and 16 of these are now known to be diamond bearing. The main kimberlite clusters are located in Kaavi and close to the city of Kuopio in eastern Finland. Mini-bulk samples have been taken from five of the diamond bearing pipes. At least two of the more closely studied pipes contain substantial quantities of clear and colorless diamonds. A 23 tonne sample from a pipe of approximately two hectares in surface area yielded some 26 carats of +0.8 mm diamonds per 100 tonnes, most of which were of good quality. Another pipe, slightly over one hectare in size, contained 13 to 26 carats per hundred tonnes, based on a 9.4 tonne sample.

[stevehoops] 18/7/2017 16:51

Ashton Mining of Australia has discovered diamonds in Finland and says "the prospect for a commercial discovery is considered to be high". The company has found 21 kimberlites. One pipe sampled a very high 17 carats of diamonds per 100 tons. Most of the pipes are said to contain diamonds. The discovery is significant and compares favorably with recent discoveries in Canada's Northwest territories. Finland's diamond finds may be more interesting than the Canadian discoveries because Finland has a well established infrastructure which will lower the cost of developing the diamond mines. Ashton owns 40% of Australia's Argyle mine and is 1/3 owned by the Malaysian Mining Corporation. RTZ another major mining company is also prospecting in Finland and has staked large claims

[shambaby] 18/7/2017 08:50

Tick down now as can buy at .54

[shambaby] 18/7/2017 08:41

Normal service resumed :-(

[rbonnier] 18/7/2017 06:56

All Eyes on the RN box in 5 minutes !!

[stevehoops] 18/7/2017 06:32

ALL EYES NOW AWAITING THIS REPORT TO SURFACE.

Riihivaarä – New Kimberlite Body In the Kuhmo region of Finland where, at Seitaperä, your Company has defined the largest (at 6.9 hectares) diamondiferous kimberlite pipe discovered to date in Finland, your Company has, at Riihivaarä, discovered a new kimberlite body.
Indicator mineral analysis indicates that the Riihivaarä kimberlite is likely to be diamondiferous. The geotherm is prospective for diamonds and the kimberlite has been sampled to a modelled depth of greater than 200km, within the diamond stability field.
During the year, 355 garnet analyses on samples provided by Karelian from Riihivaarä were carried out by Rio Tinto in their Melbourne laboratories
in Australia. The samples provided were from outcrop and till. The garnet analysis comprised kimberlite indicator methods of MLA (Mineral Liberation Analysis) screening followed by laser-ablation ICP-MS (Inductively Coupled Plasma – Mass Spectrometry) analysis.
Lherzolitic (“G9”) garnets were dominant but scattered high interest Harzburgitic (“G10”) garnets were also present. Some evidence of metasomatism was associated with the G9 and G10 populations. Ecologitic garnets, with restricted range in chemical composition of potential diamond-association, were reported from the outcrop sample.
Garnet thermobarometry was also calculated to estimate the geotherm in the Riihivaarä area. The results indicated that the geotherm is prospective for diamonds. The geotherm in Riihivaarä is similar to that in the Kaavi-Kuopio kimberlite field in Finland where your Company has acquired the Lahtojoki diamond deposit, and to kimberlite fields in Southern Africa.