Karelian Diamond Resources plc has intersected rock material, “associated with diamond-bearing kimberlite provinces globally” at the anomaly 5 target in Kuhmo, Eastern Finland. LAMPROITE The company noted that global diamond-bearing kimberlite provinces include the world-class Argyle and Ellendale diamond mines in Kimberley, Western Australia. Two of the three holes, drilled in a “swampy area only […]
Tag: Karelian Diamond Resources plc
Karelian major investor reduces stake
Karelian Diamond Resources plc investor Steve Coomber has reduced his stake in the company to 8 million ordinary shares of €0.00025 each. The figure is equivalent to 4.66% of the company’s current issued ordinary shares and voting rights. Mr Coomber previously held 10,330,065 shares, equal to 6.01% of the company’s issued share capital, as stated […]
Karelian significant shareholder reduces stake
Karelian Diamond Resources plc’s significant shareholder David John Naylor has reduced his stake in the company. In February, Mr Naylor held 10,509,468 ordinary shares of €0.00025 each, equivalent to 8.17% of Karelian’s then issued ordinary shares and voting rights. Following a sale of shares today, he has an interest of 7,656,757 ordinary shares, equivalent to […]
Karelian discovers ‘promising’ target at Cappagh
Karelian Diamond Resources plc has identified a “significant” and “promising” new copper target on the site of the historic Cappagh copper mine in County Tyrone, Northern Ireland. DATA The company has completed initial desktop studies and reconnaissance work since receiving the six-year licence KDR4 in May from the Department for the Economy. Managing director Maureen […]
Karelian registers mining licence for Lahtojoki
Karelian Diamond Resources plc has registered its mining concession for the Lahtojoki project with the land registry in Finland. RIGHTS The documents have also been sent to the country’s mining authority, TUKES, for processing. The company now awaits a mining certificate with the mining rights to the licence. The property in the Kuhmo region covers […]
Karelian positive on Kuhmo sampling results
Karelian Diamond Resources plc has received “positive” kimberlite indicator minerals results from till samples excavated at the green diamond target area in the Kuhmo region, Eastern Finland. SOURCE The kimberlite indicator minerals (KIM) were found in 19 of 21 till samples, up-ice of the green diamond discovery. Sampling was also conducted as close as possible […]