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Karelian's find

By BFN News | 07:44 AM | Wednesday 10 June, 2015


Finland-focused Karelian Diamond Resources says five further pits along strike from its original discovery of kimberlite in the Kuhmo area have all intersected kimberlite. The pitting shows that the kimberlite extends for at least 250 metres and is a dyke which remains open in both directions along strike with widths of up to 2 metres intersected. Kimberlite samples were collected from each pit and the Company is continuing its evaluation of the extent and diamondiferous potential of the kimberlite. Further infill till sampling for kimberlitic indicator minerals generated high concentrations of kimberlitic indicators and, together with an extensive detailed ground magnetic survey in the area, conducted by the Company, has identified new diamond exploration targets within the immediate area. The results of the till sampling and the ground magnetic surveys indicate that there may be more than one kimberlite source present. Chairman Professor Richard Conroy said: "The discovery of additional kimberlite showing an extensive strike length is exciting news and a further positive step in the Company's exploration programme. There are, indeed, numerous occurrences of diamondiferous kimberlite dykes around the world including a number of very profitable mines, both historic and currently operating." Story provided by StockMarketWire.com

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