Karelian Diamond Res. New Kimberlite Source Indicated in Target

 
TIDMKDR 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014 ("MAR"). 
 
                        Karelian Diamond Resources plc 
 
                         ("Karelian" or "the Company") 
 
                                                              25 September 2017 
 
          NEW KIMBERLITE SOURCE INDICATED IN DIAMOND DISCOVERY TARGET 
 
  * High Kimberlite Indicator Mineral Count 
 
  * Results Suggest Sample is within a Couple of Hundred Metres of a New 
    Kimberlite Source 
 
Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), is pleased 
to announce that it has received results for 22 samples from the ODM Laboratory 
*, that show high concentrations of kimberlite indicator minerals ("KIMs"). 
They were taken in the Kuhmo region in the target area around where the team 
previously discovered a diamond in a till sample, a rare event which was 
reported on 31 January 2017. 
 
One of the new samples produced 36 KIMs which comprised 10 purple to red 
peridotitic garnets (G9/10 Cr-pyrope), 19 chromite grains and one Fosterite 
grain in the 0.25 to 0.5 mm size range, plus three purple to red peridotitic 
garnet (G9/10 Cr-pyrope) and three chromite grains in the 0.5 to 1.0 mm size 
range. This suggests that the sample is within a couple of hundred metres of a 
kimberlite source. Two further samples down ice from this sample also had high 
KIMs, 20 and 22 respectively. 
 
The anomaly has also been closed off 500m in an up-ice direction from the 
sample containing the 36 KIMs. 
 
The diamond discovered in January was in one of seven samples from the Kuhmo 
region of Eastern Finland. It is a clear, pale green dodecahedron and measures 
0.7 x 0.75 x 0.7 mm. 
 
*ODM Laboratory holds a Certificate of Authorization from the Association of 
Professional Geoscientists of Ontario and is used by diamond explorers in all 
parts of Canada and the world. During the Canadian diamond rush of the 1990s 
and early 2000s, ODM contributed to many kimberlite discoveries by processing 
and logging more than 50,000 samples. 
 
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. 
 
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented: 
 
"I am delighted at these results, they confirm the prospect of another new 
kimberlite discovery by our team in the area where we discovered that beautiful 
green diamond we announced in January." 
 
Further Information: 
 
Professor Richard Conroy, Chairman, Karelian Diamond           Tel: [phone] 
Resources plc 
 
Virginia Bull / James Thomas / Nick Harriss, Allenby           Tel: 
Capital Limited (Nomad)                              [phone] 
 
Ger Heffernan / Jan Fitzell, IBI Corporate Finance             Tel: [phone] 
Limited (ESM Adviser) 
 
Jon Belliss / Elliot Hance, Beaufort Securities                Tel: 
Limited (Broker)                                     [phone] 
 
Michael Padley, Lothbury Financial Services Limited            Tel: 
                                                     [phone] 
 
Don Hall, Hall Communications                                  Tel: [phone] 
 
www.kareliandiamondresources.com 
 
 
 
END 
 

(END) Dow Jones Newswires

September 25, 2017 02:00 ET (06:00 GMT)