The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksKarelian Share News (KDR)

Share Price Information for Karelian (KDR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2.80
Bid: 2.60
Ask: 3.00
Change: 0.05 (1.82%)
Spread: 0.40 (15.385%)
Open: 2.75
High: 2.80
Low: 2.75
Prev. Close: 2.75
KDR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Karelian finishes pitting programme in Kumho region

Tue, 10th Oct 2023 16:08

(Sharecast News) - Karelian Diamond Resources announced on Tuesday that it has successfully concluded a comprehensive pitting programme, traversing over 23 kimberlite target locations in the Kuhmo region of Finland.

The AIM-traded firm said the region had been under scrutiny since unearthing a green diamond in January 2017, with the pitted targets lying up-ice from that find.

It said the endeavour aimed to reveal potential kimberlite deposits, renowned for occasionally hosting diamonds, using meticulous geophysical studies and kimberlitic indicator analysis of glacial till samples.

Glacial till samples, each totalling around 120 kilograms, were methodically collected from all the explored locations, with a structured approach involving the segregation and sieving of the pieces before analysis.

Notably, in eight locations where the bedrock was accessible, it was primarily composed of granite.

The sieved samples were relayed to Overburden Drilling Management (ODM) in Canada, expecting that the ensuing kimberlite indicator mineral analysis would yield valuable insights into the mineralogical composition and potential of the explored targets.

A follow-up drilling programme was planned, contingent on the results derived from ODM's analysis.

Karelian said it would probe any areas presenting highly anomalous results, extending the investigation to other targets within the cumulative 38 kimberlite targets previously identified.

"I am delighted that the follow up programme on the kimberlite targets identified by geophysics and kimberlite indicator mineral sampling has commenced and look forward to announcing the results as the programme progresses," said chairman Richard Conroy.

At 1530 BST, shares in Karelian Diamond Resources were down 7.44% at 3.98p.

Reporting by Josh White for Sharecast.com.

More News
7 Oct 2019 14:29

Karelian Diamond Resources Raises GBP50,000 Through Subscription

Karelian Diamond Resources Raises GBP50,000 Through Subscription

Read more
28 Mar 2019 15:19

Karelian Diamond Resources granted reservation in Finland

(Sharecast News) - Karelian Diamond Resources announced on Thursday that TUKES - the Finnish Mining Authority - has granted a it reservation situated in the Salla region of north eastern Finland.

Read more
13 Feb 2019 14:19

Karelian Diamond Resources granted reservation in eastern Finland

(Sharecast News) - Karelian Diamond Resources reported on Wednesday that TUKES - the Finnish Mining Authority - has granted a it reservation situated in the Liperi region of eastern Finland.

Read more
15 Feb 2017 10:07

Karelian reports on 'stunning' diamond discovery

(ShareCast News) - Karelian Diamond Resources announced on Wednesday that it has received a technical report by the Geological Survey of Finland (GTK) on its diamond discovery in Eastern Finland that was announced on 31 January. The AIM-traded company said the stone, which was described by GTK diamo

Read more
31 Jan 2017 09:11

Karelian Makes "Rare And Significant" Diamond Discovery In Finland

Read more
12 Jan 2017 09:37

Karelian reports positive results from boulder testing

(ShareCast News) - Finland-focused diamond exploration company Karelian Diamond Resources announced on Thursday that it has received further results and a report from the Geological Survey of Finland on the kimberlite boulder discovery made 2.5km south west of the Lahtojoki Diamond Deposit, which sh

Read more
17 Nov 2016 11:26

Karelian doubles losses as it continues development programme

(ShareCast News) - Diamond exploration company Karelian announced its results for the year to 31 May on Thursday, a year in which the board said "highly encouraging progress" was made towards achieving its objective to discover, or acquire, and develop diamond deposits in Finland. The AIM-traded fir

Read more
9 Nov 2016 11:05

Karelian posts positive results from Lahtojoki

(ShareCast News) - Finland-focused diamond exploration company Karelian Diamond Resources announced on Wednesday that it has received results and a report from the Geological Survey of Finland, commissioned by the company on a Kimberlite boulder discovery to the south west of the its Lahtojoki diamo

Read more
10 Aug 2016 07:55

Karelian Diamond Gets Data Proving Lahtojoki Could Be Profitable Mine

Read more
1 Jun 2016 15:50

Karelian receives Lahtojoki licences

(ShareCast News) - Finland-focussed diamond exploration company Karelian Diamond Resources announced on Wednesday that the diamond mining permit for the recently-acquired Lahtojoki project has been formally transferred from A&G Mining Oy, along with all of the claim reports and additional technical

Read more
1 Jun 2016 06:53

Karelian Diamonds Secures Mining Permit For New Lahtojoki Project

Read more
17 May 2016 11:09

Karelian Diamond Resources Raises Funds For Finnish Projects (ALLISS)

Read more
19 Apr 2016 13:50

Karelian Diamond Resources acquires new Finnish mining permit

(ShareCast News) - Karelian Diamond Resources has agreed to acquire a diamond mining permit over the Lahtojoki project in Finland, which it predicts can become a profitable low strip ratio open pit diamond mine. Karelian will pay an initial €50,000, followed by another €100,000 after 24 months unles

Read more
19 Apr 2016 12:23

Karelian Acquires Finnish Diamond Mining Permit For EUR150,000

Read more
11 Apr 2016 07:46

Karelian Says Analysis Shows Potential Diamond Province In Finland

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.