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KDR Karelian Diamond Resources Plc

2.05
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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% 2.05 2.00 2.10 2.15 2.05 2.15 2,642 08:00:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Nonmtl Minrls, Ex Fuels 10k -291k 0.0000 N/A 149.68M

Karelian Diamond Resources Plc - Diamond Exploration Reservation Granted in Liperi

13/02/2019 7:00am

PR Newswire (US)


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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

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