Karelian Diamond
Resources plc
(“Karelian Diamonds” or “the
Company”)
27 July 2021
BROOKEBOROUGH
DIAMOND EXPLORATION COMMENCED
- Detailed Heavy Mineral Stream Sediment Survey
Completed
- Targeted on the Brookeborough Diamond Discovery
Site
- Ten Samples Collected and Sent for Analysis
Karelian Diamond Resources plc (AIM: KDR), is pleased to
announce that it has carried out a detailed heavy mineral stream
sediment sampling programme focused on the Colebrooke river in
County Fermanagh in Northern
Ireland.
The Colebrooke River was the reported location of the discovery
of the Brookeborough diamond in 1816. No serious exploration for
the source of the Brookeborough diamond was conducted until 1996
when a regional heavy mineral stream sediment sampling survey was
carried out in Counties Fermanagh and Tyrone. The recovery of some
chromites was reported and these could possibly indicate the
presence of kimberlitic source rocks in the vicinity of where the
Brookeborough diamond was discovered. No follow up work was ever
conducted.
Following a review of the regional sampling survey results,
along with analysis of airborne geophysical data from the TELLUS
survey in Northern Ireland and an
overall geological assessment, Karelian decided to carry out a
detailed heavy mineral stream sediment survey at sample sites on
the Colebrooke River around the reported discovery location of the
diamond.
Ten samples were taken using hand shovels and sieved on site
down to a 2mm size fraction to get c.20kg of sample material at
each site. The combined total weight for the ten samples is just
over 200kg. The samples have been dispatched to Canada for mineral concentrating, picking and
analysis for Kimberlite Indicator Minerals (KIMs).
Professor Richard Conroy, Chairman, Karelian Diamond
Resources plc commented:
“The discovery of a diamond in
Northern Ireland is intriguing and
combined with the 1996 results showing the discovery of potential
KIMs and the advances in the understanding of diamond host rocks,
Karelian felt it warranted further investigation, particularly in
conjunction with the TELLUS airborne geophysical data.
Hopefully, the sample results will be positive. However, the main
focus for the immediate future will remain the development of the
mine in Lahtojki, and exploration in Finland where work has continued despite the
covid related restrictions”.
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 |
First
Equity Limited (Broker)
Jason Robertson |
+44-20-7330-1883 |
Lothbury Financial Services
Michael Padley |
+44-20-3290-0707 |
Hall
Communications
Don Hall |
+353-1-660-9377 |
http://www.kareliandiamondresources.com