KARELIAN DIAMOND RESOURCES PLC

Regulatory Filings • Nov 13, 2014

National Storage Mechanism | Additional information

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KARELIAN DIAMOND RESOURCES PLC - Kimberlitic Indicator Minerals Recovered at Havukkasuo

PR Newswire

London, November 12

                                                           13 November 2014            KIMBERLITIC INDICATOR MINERALS RECOVERED AT HAVUKKASUO  \* High Concentrations Of Kimberlitic Indicator Minerals At Havukkasuo  \* Two Samples Each Reported Over 100 Kimberlitic Indicator Minerals  \* Results Imply A Previously Unknown Extension of the Havukkasuo Kimberlite    Body\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_Karelian Diamond Resources plc ("Karelian") (AIM: KDR, ESM: KDRI), the diamondexploration company focused on Finland, is pleased to announce the recovery ofhigh concentrations, for the Karelian Craton, of Kimberlitic Indicator Mineralsin basal till samples collected from its Havukkasuo claim area in the Kuhmoregion of Finland.Two of the basal till samples each returned over 100 Kimberlitic IndicatorMinerals. One of these samples was collected over the known kimberlite body atHavukkasuo. The other was collected approximately 150 metres away from theknown kimberlite body and potentially indicates a previously unknown extensionof the Havukkasuo kimberlite body. Two further basal till samples collected inthe area also returned positive results.Laboratory results from the samples collected included 143 Purple to Redperidotitic garnets (G9/10 Cr-pyrope) and 39 Orange mantle garnets, between0.25 and 0.5mm in size, plus a further 7 Purple to Red peridotitic garnets (G9/10 Cr-pyrope) and 2 Orange mantle garnets, between 0.5 and 1.0mm in size, aswell as numerous Chromite grains.G9/10 garnets are considered noteworthy as they are formed at the sametemperatures and pressures as diamonds. Orange mantle garnets can includeeclogitic pyrope-almandine garnets (G3) and if eclogite mantle materials arepresent it is significant, as this tends to be associated with richer diamondgrades. The garnets will be tested to establish whether eclogite mantlematerials are present.The Havukkasuo claim area is located Northwest of Seitaperä where the Companyhas outlined the largest diamondiferous kimberlite pipe yet discovered inFinland.This release has been approved by Kevin McNulty PGeo, who is a member of theCompany's technical staff, who holds a BSc/MSc in Geology and Remote Sensing,in accordance with the guidance note for Mining, Oil & Gas Companies issued bythe London Stock Exchange in respect of AIM Companies, which outlines standardsof disclosure for mineral projects.Professor Richard Conroy, Chairman commented:"I am delighted with thecontinuing successful progress in our diamondexploration in the Kuhmo region of Finland. The results from Havukkasuo couldindicate a very interesting prospect that has not previously been tested. "Further Information:Professor Richard Conroy, Chairman, Karelian       Tel: +353-1-661-8958Diamond Resources plcVirginia Bull / Simon Clements, Sanlam Securities  Tel: +44-20-7628-2200UK Limited (Nomad)Ger Heffernan, IBI Corporate Finance Limited (ESM  Tel: +353-7662-34800Adviser)Jon Belliss/Abigail Wayne, Hume Securities PLC     Tel: +44-20-3693-1493(Broker)Michael Padley, Lothbury Financial Services        Tel: +44-20-3440-7620LimitedDon Hall, Hall Communications                      Tel: +353-1-660-9377

http://www.kareliandiamondresources.com