Karelian Diamond Res. Exploration Update

 
TIDMKDR 
 
Karelian Diamond Resources plc 
 
                    ("Karelian Diamonds" or "the Company") 
 
                                                               1 September 2020 
 
                         LAHTOJOKI EXPLORATION UPDATE 
 
  * Exploration Commences on Area adjacent to the Company's Lahtojoki Diamond 
    Deposit 
 
  * Programme Designed to Recover Further Kimberlite Boulders 
 
  * Glacial Ice Direction Will Also Be Delineated 
 
Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR), the diamond 
exploration Company focused on Finland, is pleased to announce that it has 
commenced a fieldwork exploration programme on its Lahtojoki South Exploration 
Permit, adjacent to its Lahtojoki diamond deposit in the Kaavi region of 
Finland. The Land Survey of Finland has recently granted the Company rights of 
way for the Lahtojoki diamond deposit and adjacent exploration area (announced 
17 August 2020). 
 
Kimberlite boulders have previously been discovered in the Lahtojoki South 
area. Analysis showed that the boulders are a type of Kimberlite unlikely to be 
derived from the Lahtojoki kimberlite (announced 12 January 2017). 
 
It is therefore likely that the boulders originated from a yet to be discovered 
kimberlite body, up ice from the initial discovery site of the boulders. 
 
The current programme is designed to recover further kimberlite boulders and to 
delineate the glacial direction, with a view to identifying the source of the 
kimberlite boulders. 
 
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented: 
 
"I am delighted that it has been possible to start the exploration so soon 
after the granting of rights of way. 
 
We look forward to receiving the results of the exploration programme as it 
proceeds." 
 
Further Information: 
 
Karelian Diamond Resources plc 
Professor Richard Conroy, Chairman                         [phone] 
 
Allenby Capital Limited (Nomad) 
Nick Athanas / Nick Harriss                                [phone] 
 
Brandon Hill Capital (Broker) 
Jonathan Evans                                             [phone] 
 
Lothbury Financial Services 
Michael Padley                                             [phone] 
 
Hall Communications 
Don Hall                                                   [phone] 
 
http://www.kareliandiamondresources.com 
 
 
 
END 
 

(END) Dow Jones Newswires

September 01, 2020 08:00 ET (12:00 GMT)