Karelian Diamond Res. Claim reservation granted in area surrounding Lahtojoki

 
TIDMKDR 
 
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             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

June 28, 2017 02:00 ET (06:00 GMT)