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Pin to quick picksKarelian Regulatory News (KDR)

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Brookeborough Diamond Exploration Commenced

27 Jul 2021 07:00

Karelian Diamond Resources Plc - Brookeborough Diamond Exploration Commenced

Karelian Diamond Resources Plc - Brookeborough Diamond Exploration Commenced

PR Newswire

London, July 26

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

Date   Source Headline
30th Jun 20215:00 pmRNSTotal Voting Rights
24th Jun 20216:14 pmPRNHolding(s) in Company
22nd Jun 20217:00 amPRNUAV Geophysics Survey Undertaken
16th Jun 20212:06 pmRNSSecond Price Monitoring Extn
16th Jun 20212:00 pmRNSPrice Monitoring Extension
9th Jun 20214:35 pmPRNHolding(s) in Company
9th Jun 202112:03 pmPRNHolding(s) in Company
28th May 202112:03 pmPRNFinancing of £600,000
4th May 20219:00 amPRNLahtojoki South Diamond Exploration Update
29th Apr 20213:48 pmPRNHolding(s) in Company
12th Apr 20217:00 amPRNChange of Broker
25th Mar 20212:05 pmRNSSecond Price Monitoring Extn
25th Mar 20212:00 pmRNSPrice Monitoring Extension
25th Mar 202111:06 amRNSSecond Price Monitoring Extn
25th Mar 202111:00 amRNSPrice Monitoring Extension
12th Mar 20212:30 pmPRNUpdate on migration of uncertificated shares from CREST
5th Mar 202111:00 amPRNLahtojoki South Exploration Update
26th Feb 20215:00 pmPRNHalf-year Report
17th Feb 20211:00 pmPRNResult of Meeting
25th Jan 20211:45 pmPRNNotice of EGM
6th Jan 20211:00 pmPRNHolding(s) in Company
31st Dec 202012:30 pmPRNHolding(s) in Company
23rd Dec 20203:15 pmPRNResult of AGM
30th Nov 20206:00 pmPRNFinal Results
11th Nov 20201:00 pmPRNHolding(s) in Company
7th Oct 20207:00 amPRNHolding(s) in Company
29th Sep 20205:00 pmPRNHolding(s) in Company
7th Sep 20203:00 pmPRNHolding(s) in Company
4th Sep 20205:45 pmPRNHolding(s) in Company
4th Sep 20201:15 pmPRNHolding(s) in Company
1st Sep 20201:00 pmPRNExploration Update
28th Aug 20205:00 pmPRNTotal Voting Rights
28th Aug 202012:30 pmPRNHolding(s) in Company
27th Aug 20202:00 pmPRNHolding(s) in Company
26th Aug 20207:00 amPRNHolding(s) in Company
21st Aug 202012:00 pmPRNHolding(s) in Company
20th Aug 20204:55 pmPRNHolding(s) in Company
18th Aug 20207:00 amPRNIssue of Equity
17th Aug 202010:00 amPRNLahtojoki Diamond Deposit Update
11th Aug 20205:26 pmPRNHolding(s) in Company
29th Jul 20204:36 pmRNSPrice Monitoring Extension
20th Jul 20207:00 amPRNRights of way granted for Lahtojoki diamond deposit
3rd Jul 20207:00 amPRNHolding in Company
1st Jul 20202:46 pmPRNUpdate on agreement with Rio Tinto
12th May 20207:00 amPRNNew Diamond Exploration Reservations Granted
11th May 202012:47 pmPRNHolding(s) in Company
28th Feb 20207:00 amPRNHalf-year Report
9th Jan 20202:39 pmPRNDiamond Exploration Permit Over Lahtojoki South
3rd Jan 202010:40 amPRNHolding in Company
31st Dec 20191:00 pmRNSTotal Voting Rights

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