Karelian Diamond Resources
plc
(“Karelian Diamonds” or “the Company”)
22 January 2018
EXPLORATION CLAIM
GRANTED OVER KIMBERLITE BOULDER AREA
- Claim Located in Kaavi Region of Finland, Close to Lahtojoki Mining
Concession
- Kimberlite Boulders Previously Discovered in Claim
Area
- The Claim is Subject to 30 Day Appeal Period
Karelian Diamond Resources plc (“Karelian Diamonds”) (AIM: KDR),
is pleased to announce that it has today been informed that TUKES
(The Finnish Mining Authority) has granted Karelian an Exploration
Claim in the Kaavi region of Finland.
The Claim, which is close to the Company’s Lahtojoki mining
concession, covers an area of 28.84 Hectares surrounding the
location where kimberlite boulders in till have been discovered (as
announced on 12 January 2017). The
permit has been granted for a period of four years.
An exploration permit provides the holder with an exclusive
right to apply for a mining permit.
The Claim is subject to a 30 day appeal period.
Professor Richard Conroy, Chairman, Karelian Diamond
Resources plc commented:
“I am delighted that Karelian
Diamonds has been granted an exploration claim in the area where
the recently discovered kimberlite boulders suggest the presence of
an undiscovered Kimberlite source.”
Further Information:
| Professor Richard
Conroy, Chairman, Karelian Diamond Resources plc |
Tel: +353-1-479-6180 |
| Virginia Bull /
James Thomas / Nick Harriss, Allenby Capital Limited
(Nomad) |
Tel: +44-20-3328-5656 |
| Jon Belliss /
Elliot Hance, Beaufort Securities Limited (Broker) |
Tel: +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