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Karelian granted three exploration claim reservations

By BFN News | 03:54 PM | Thursday 30 October, 2014


Karelian Diamond Resources has been granted three further exploration claim reservations by TUKES (The Finnish Mining Authority). The claim reservation in the Kuhmo region is up ice from kimberlitic indicator minerals recovered previously by the company at its Rihiivaara diamond exploration target. Kuopio-Kaavi is situated in central Finland and is an established diamondiferous region. In both of the claim reservations granted in the Kuopio-Kaavi region, diamondiferous kimberlite bodies have been reported. These claim reservations were applied for with a view to re-evaluating these known kimberlite bodies and following up on indicator mineral trains. Five kimberlite bodies are known to be present in the Claim Reservation areas. Four of these have had diamonds reported from them by Malmikaivos oy including Kimberlite body 21 with a sample from that kimberlite body giving 128 diamonds of greater than 0.8 mm and also a large single stone of 1.126 ct. Chairman Professor Richard Conroy said: "I am delighted that,as part of our ongoing diamond exploration programme in Finland and our re-evaluation of the Kuopio-Kaavi area, we have secured these kimberlite bodies, four of which are known to be diamond bearing." At 3:54pm: (LON:KDR) Karelian Diamond Resources PLC share price was +0.15p at 1.7p Story provided by StockMarketWire.com

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