Karelian Diamond Res. Exploration Update
01 September 2020 - 10:00PM
UK Regulatory
TIDMKDR
Karelian Diamond Resources plc
("Karelian Diamonds" or "the Company")
1 September 2020
LAHTOJOKI EXPLORATION UPDATE
* Exploration Commences on Area adjacent to the Company's Lahtojoki Diamond
Deposit
* Programme Designed to Recover Further Kimberlite Boulders
* Glacial Ice Direction Will Also Be Delineated
Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR), the diamond
exploration Company focused on Finland, is pleased to announce that it has
commenced a fieldwork exploration programme on its Lahtojoki South Exploration
Permit, adjacent to its Lahtojoki diamond deposit in the Kaavi region of
Finland. The Land Survey of Finland has recently granted the Company rights of
way for the Lahtojoki diamond deposit and adjacent exploration area (announced
17 August 2020).
Kimberlite boulders have previously been discovered in the Lahtojoki South
area. Analysis showed that the boulders are a type of Kimberlite unlikely to be
derived from the Lahtojoki kimberlite (announced 12 January 2017).
It is therefore likely that the boulders originated from a yet to be discovered
kimberlite body, up ice from the initial discovery site of the boulders.
The current programme is designed to recover further kimberlite boulders and to
delineate the glacial direction, with a view to identifying the source of the
kimberlite boulders.
Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:
"I am delighted that it has been possible to start the exploration so soon
after the granting of rights of way.
We look forward to receiving the results of the exploration programme as it
proceeds."
Further Information:
Karelian Diamond Resources plc
Professor Richard Conroy, Chairman +353-1-479-6180
Allenby Capital Limited (Nomad)
Nick Athanas / Nick Harriss +44-20-3328-5656
Brandon Hill Capital (Broker)
Jonathan Evans +44-20-3463-5000
Lothbury Financial Services
Michael Padley +44-20-3290-0707
Hall Communications
Don Hall +353-1-660-9377
http://www.kareliandiamondresources.com
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