TIDMKDR 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
                          (EU) No. 596/2014 ("MAR"). 
 
                        Karelian Diamond Resources plc 
 
                         ("Karelian" or "the Company") 
 
                                                              19 September 2016 
 
        DIAMONDIFEROUS RESOURCE POTENTIAL IN AREA SURROUNDING LAHTOJOKI 
 
  * Geophysical and Kimberlite Indicator Mineral Anomalies Outlined 
 
  * Additional Diamondiferous Resource Potential in the Area 
 
  * Claim Reservation Over the Area Surrounding Lahtojoki Mining Permit 
    Submitted 
 
 
 
Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), the diamond 
exploration company focused on Finland, is pleased to announce that it has 
outlined a series of high interest geophysical and kimberlite indicator mineral 
anomalies in the immediate area of its Lahtojoki property over which, in June, 
Karelian received a Diamond Mining Permit.  These anomalies suggest the 
presence of further diamondiferous resource potential in this area. 
 
The anomalies were outlined following an analysis by the Company of the 
extensive geophysical data acquired, including image processed magnetic and 
electromagnetic data together with compilation maps of previous kimberlite 
indicator mineral till sampling information in the area.  The previous drilling 
and bulk sample information indicated that the Lahtojoki diamondiferous pipe 
has the potential to become a profitable open pit diamond mine. 
 
The presence of additional diamond resource potential in the area adjacent to 
Lahtojoki would, if confirmed, further enhance the financial and technical 
attractiveness of the Lahtojoki diamond deposit. 
 
The Company has therefore submitted an application for a Claim Reservation over 
the area surrounding its Lahtojoki Mining Permit area. 
 
This release has been approved by Michael Brennan (MSc., SAIMM), who is a 
Consultant to Karelian Diamond Resources plc, in accordance with the guidance 
note for Mining, Oil & Gas Companies issued by the London Stock Exchange in 
respect of AIM Companies, which outlines standards of disclosure for mineral 
projects. 
 
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented: 
 
 "I am delighted that interpretation of geophysical and kimberlite indicator 
mineral data in the area surrounding our Lahtojoki Mining Permit area suggests 
the possibility of the discovery of new diamondiferous resources in the 
immediate vicinity of the known diamond deposit at Lahtojoki.  This, if proven, 
will further enhance the prospects for the proposed diamond mine." 
 
Further Information: 
 
Professor Richard Conroy, Chairman, Karelian Diamond           Tel: +353-1-661-8958 
Resources plc 
 
David Hart / James Thomas / Nick Harriss, Allenby              Tel: 
Capital Limited (Nomad)                              +44-20-3328-5656 
 
Ger Heffernan / Jan Fitzell, IBI Corporate Finance             Tel: +353-7662-34800 
Limited (ESM Adviser) 
 
Jon Belliss / Elliot Hance, Beaufort Securities                Tel: 
Limited (Broker)                                     +44-20-7382-8300 
 
Michael Padley, Lothbury Financial Services Limited            Tel: 
                                                     +44-20-3290-0707 
 
Don Hall, Hall Communications                                  Tel: +353-1-660-9377 
 
www.kareliandiamondresources.com 
 
 
 
END

(END) Dow Jones Newswires

September 19, 2016 03:20 ET (07:20 GMT)

Karelian Diamond Resources (LSE:KDR)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Karelian Diamond Resources Charts.
Karelian Diamond Resources (LSE:KDR)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Karelian Diamond Resources Charts.