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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
17th Dec 201911:51 amPRNHolding in Company
16th Dec 20191:30 pmPRNHolding in Company
16th Dec 201911:45 amPRNResult of AGM and Directorate Change
10th Dec 20192:12 pmPRNFundraising to raise £240,000
22nd Nov 20193:51 pmPRNFinal Results
31st Oct 20195:00 pmPRNTotal Voting Rights
29th Oct 201911:58 amPRNHolding in Company
24th Oct 201911:57 amPRNHolding(s) in Company
23rd Oct 20193:08 pmPRNCorrection : Holding(s) in Company
23rd Oct 20192:16 pmPRNHolding(s) in Company
18th Oct 20193:52 pmPRNResult of extraordinary general meeting
7th Oct 20192:00 pmPRNSubscription to raise £50,000 (€56,060)
3rd Oct 20196:02 pmPRNHolding in Company
1st Oct 20191:44 pmPRNHolding in Company
1st Oct 20199:54 amPRNHolding(s) in Company
30th Sep 20195:00 pmPRNTotal Voting Rights
19th Sep 20194:53 pmPRNHolding(s) in Company
19th Sep 20197:00 amPRNPublication of shareholder circular and notice of EGM
17th Sep 20197:00 amPRNAppointment of Non-Executive Director
3rd Sep 20193:29 pmPRNDebt Capitalisation
2nd Sep 20197:00 amPRNRequisition of Extraordinary General Meeting
31st Jul 20195:15 pmPRNTotal Voting Rights
26th Jul 20191:23 pmPRNResult of extraordinary general meeting
24th Jul 20196:10 pmPRNHolding(s) in Company
23rd Jul 201910:50 amPRNHolding(s) in Company
22nd Jul 20192:04 pmPRNHolding(s) in Company
19th Jul 20196:07 pmPRNDirector / PDMR Dealing & Further re Subscription
17th Jul 20196:01 pmPRNDirector/PDMR Shareholding
17th Jul 201910:06 amPRNDirector/PDMR Dealing
15th Jul 20193:30 pmPRNAppointment of Geo-Science Consultant
15th Jul 201911:15 amPRNSubscription to raise £100,000 (€111,377)
28th Jun 20192:39 pmPRNHolding(s) in Company
27th Jun 20197:00 amPRNPublication of shareholder circular and notice of EGM
18th Jun 20196:14 pmPRNHolding(s) in Company
18th Jun 201910:51 amPRNHolding in Company
18th Jun 20199:10 amPRNHolding(s) in Company
14th Jun 20195:01 pmPRNHolding(s) in Company
12th Jun 201910:43 amPRNHolding in Company
7th Jun 201912:40 pmPRNRequisition of Extraordinary General Meeting
31st May 20199:00 amPRNRequisition of Extraordinary General Meeting
16th May 20197:00 amPRNHolding in Company
28th Mar 20197:00 amPRNDiamond exploration reservation granted in Salla
28th Feb 20194:44 pmPRNDirector/PDMR Shareholding
21st Feb 20191:34 pmPRNHolding(s) in Company
18th Feb 20197:00 amPRNHalf-yearly results
13th Feb 20197:00 amPRNDiamond Exploration Reservation Granted in Liperi
7th Dec 20181:05 pmPRNResult of AGM
6th Dec 20183:01 pmPRNUpdate re. Finland Riihivaara Kimberlite
16th Nov 20187:00 amPRNFinal Results
5th Nov 20187:00 amPRNFurther intersections of Orangeite

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