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