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Pin to quick picksKarelian Share News (KDR)

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Karelian upbeat on aerial magnetic survey over Kuhmo target

Tue, 22nd Jun 2021 09:19

(Sharecast News) - Finland-focussed exploration company Karelian Diamond Resources announced on Tuesday that an unmanned aerial vehicle (UAV) detailed high-resolution magnetic survey had been conducted over its 'Anomaly 5', or Tervavaara, target in the Kuhmo region in the east of the country.
The AIM-traded firm said that was the area where it had discovered a green diamond-in-till, and in the board's view, had the potential to be a new diamond province.

It said the results, comprising maps of total magnetic intensity, were now being integrated with its existing kimberlite indicator minerals data and drilling information in the area, to aid in the identification of kimberlite bodies, including the possible source of the green diamond, or other diamondiferous kimberlite bodies.

The magnetic survey was carried out using a datalogger installed on a vertical takeoff and landing (VTOL) drone.

It explained that the magnetic field was measured using a fluxgate magnetometer located in the tail boom of the drone.

The survey was flown on an east-west orientation with 73 flight lines at around 35 metre spacing, and nine north-south tie-lines 350 metres apart, at a mean height of 42 metres, with the survey totalling 250 line kilometres covering an area of 7.8 square kilometres.

Karelian said the use of the UAV airborne survey technique facilitated the acquisition of "comprehensive" geophysical data over terrain where a ground geophysical survey could be difficult, time consuming and possibly incomplete, particularly at certain times of year.

The technique could prove particularly useful in Finland, where the first kimberlite was discovered in 1964 by Malmikaivos Oy using a ground magnetic geophysical survey, as were the Lahtojoki kimberlite, which the company was proposing to develop as a diamond mine, and the Seitaperä kimberlite in Kuhmo, which Keralian had shown to be the largest known kimberlite discovered to date in the country.

"These results, using this innovative and highly effective technique, have greatly enhanced our already extensive knowledge of the Kuhmo diamondiferous area of Finland, in addition to the established diamondiferous Kuopio-Kaavi area of Finland, where the company is looking to develop the Lahtojoki diamond deposit as the first diamond mine in Finland and in Europe, outside Russia," said the company's chairman Richard Conroy.

At 0854 BST, shares in Karelian Diamond Resources were up 2.7% at 3.8p.
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11 Mar 2024 13:42

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(Alliance News) - Karelian Diamond Resources PLC on Monday said it now has official notice of a court date regarding land concessions needed to develop its Lahtojoki diamond mine.

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11 Mar 2024 12:13

Karelian given court date for Lahtojki mine land appeals

(Sharecast News) - Karelian Diamond Resources said Monday that it has received notice of the court hearing date from the Finnish Land Court, addressing appeals from two landowners around compensation and the mining boundary of the planned Lahtojki diamond mine.

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29 Feb 2024 13:39

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(Sharecast News) - Karelian Diamond Resources reported progress in obtaining a mining concession for the Lahtojoki diamond deposit in its first-half results on Thursday.

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Karelian posts positive findings in hunt for Green Diamond source

(Sharecast News) - Karelian Diamond Resources said in an update on Tuesday that positive findings from basal till samples collected up-ice from the green diamond discovery site had brought it closer to identifying the source of the Kuhmo Green Diamond, previously unveiled on 31 January 2017.

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IN BRIEF: Karelian Diamond Resources positive after sampling programme

Karelian Diamond Resources PLC - Announces that indicator mineral and microprobe analysis results from a stream sampling programme in Northern Ireland confirms the prospectivity of the company's licence area for nickel, copper and platinum group metals. Explains the sampling programme was a follow up to an earlier sampling programme which suggested the potential of the area for these metals. Says the results of this programme, taken in conjunction with results from the previous programme, indicate a highly anomalous river catchment area. This area has yielded five samples each having over 1,000 indicator minerals, company says, with the indicator minerals primarily chromite and forsterite with some chalcopyrite and gold grains. In addition, microprobe analysis on a number of chromite grains from samples taken showed that four samples had chromites with high zinc oxide values. Notes this can be a signature of sulphide rich nickel-copper group elements deposits. Plans follow-up programme.

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Karelian reports positive findings from Northern Ireland sampling

(Sharecast News) - Karelian Diamond Resources updated the market on its ongoing sampling programme in Northern Ireland on Thursday, confirming through indicator mineral and microprobe analysis results that its licensed area showed significant prospectivity for nickel, copper, and platinum group metals.

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10 Oct 2023 16:08

Karelian finishes pitting programme in Kumho region

(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.

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18 Jul 2023 13:44

IN BRIEF: Karelian Diamond starts follow up exploration in Finland

Karelian Diamond Resources PLC - Finland-focused exploration company based in Dublin - Starts follow up diamond exploration programme focused on excavation and drilling in the Kuhmo region of Finland. Chair Richard Conroy says: "I am delighted that a total of nearly forty kimberlite targets have been identified up-ice of the green diamond discovered by the company and that these targets will now be tested by excavation and in some cases by drilling. This programme marks a further major move forward in the exploration of the highly promising Kuhmo region of Finland in which the presence of diamonds has been confirmed in the best possible way by the company's discovery of a green diamond."

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Karelian Diamond launches fundraise, agrees loan with Conroy Gold

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Karelian Diamond plans exploration in Northern Ireland and Finland

(Alliance News) - Karelian Diamond Resources PLC on Monday said it is set to begin exploration programmes in both Finland and Ireland.

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