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| 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% | 2.95 | 2.70 | 3.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 10k | -291k | 0.0000 | N/A | 215.39M |
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TIDMKDR
Karelian Diamond Resources plc
("Karelian Diamonds" or "the Company")
13 February 2019
DIAMOND EXPLORATION RESERVATION GRANTED IN LIPERI
* Geophysical And Mineral Anomalies Noted In The Reservation Area
* Reservation Is Over An Area Which May Contain An As Yet Undiscovered
Kimberlite
Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR), is pleased to
report that TUKES (The Finnish Mining Authority) has granted a Reservation
situated in the Liperi region of eastern Finland to Karelian Diamonds.
A review of positive past exploration results and airborne geophysics in the
area led to the decision to apply for the Reservation.
The Liperi region lies within a geological area known as a Craton, which
straddles Russia and Finland. Two world class diamond deposits, Lomonosov and
Grib, have been discovered on the Russian sector of the Craton and are now in
production.
Karelian Diamonds has an ongoing exploration programme on the Finnish sector of
the Craton, in particular in the Kuhmo region where it has discovered two new
kimberlite bodies. It is also assessing a diamond deposit at Lahtojoki in the
Kaavi region of Finland with a view to developing a mine, which would be the
first in Europe outside Russia.
The Liperi Reservation covers an area of 12 Km².
A Reservation gives exclusive rights to apply for an Exploration Permit within
the Reservation area.
A link to a map of Finland showing the Reservation in the Liperi region and its
proximity to Lahtojoki and Kuhmo is shown below:
Click here for map of Finland
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:
"I am delighted that Karelian Diamonds has been granted this Reservation in the
Liperi region of Finland. It lies to the south of the Kuhmo region, where the
Company has discovered two kimberlite bodies."
For further information please contact:
Conroy Gold and Natural Resources plc Tel:
+353-1-479-6180
Professor Richard Conroy, Chairman
Allenby Capital Limited (Nomad) Tel:
+44-20-3328-5656
Nick Harriss/Nick Athanas
Brandon Hill Capital Limited (Broker) Tel:
+44-20-3463-5000
Jonathan Evans
Lothbury Financial Services Tel:
+44-20-3290-0707
Michael Padley
Hall Communications Tel:
+353-1-660-9377
Don Hall
www.kareliandiamondresources.com
END
(END) Dow Jones Newswires
February 13, 2019 02:00 ET (07:00 GMT)
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