KARELIAN DIAMOND RESOURCES PLC

Regulatory Filings • Jun 10, 2015

National Storage Mechanism | Additional information

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KARELIAN DIAMOND RESOURCES PLC - Kimberlite intersected in five further pits in Kuhmo

PR Newswire

London, June 9

10 June 2015

KIMBERLITE INTERSECTED IN FIVE FURTHER PITS IN KUHMO

• Kimberlite Extends For At Least  250 Metres And Shown To Be A Dyke
• The Kimberlite  - Remains Open In Both Directions Along Strike
• Widths of Kimberlite Of Up To 2 Metres Intersected
• Further Diamond Exploration Targets Identified In the Immediate Area

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Karelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDRI), the diamond exploration company focused on Finland, is pleased to announce that five further pits along strike from its original discovery of kimberlite in the Kuhmo area have all intersected kimberlite.

The pitting shows that the kimberlite extends for at least 250 metres and is a dyke which remains open in both directions along strike with widths of up to 2 metres intersected.

Kimberlite samples were collected from each pit and the Company is continuing its evaluation of the extent and diamondiferous potential of the kimberlite.

Further infill till sampling for kimberlitic indicator minerals generated high concentrations of kimberlitic indicators and, together with an extensive detailed ground magnetic survey in the area, conducted by the Company, has identified new diamond exploration targets within the immediate area.

The results of the till sampling and the ground magnetic surveys indicate that there may be more than one kimberlite source present.

This release has been approved by Kevin McNulty PGeo, who is a member of the Company'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 by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.

Professor Richard Conroy, Chairman commented:

“The discovery of additional kimberlite showing an extensive strike length is exciting news and a further positive step in the Company’s exploration programme. There are, indeed, numerous occurrences of diamondiferous kimberlite dykes around the world including a number of very profitable mines, both historic and currently operating.”

Further Information:

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc	Tel: +353-1-661-8958
Virginia Bull / Simon Clements, Sanlam Securities UK Limited (Nomad)	Tel: +44-20-7628-2200
Ger Heffernan / Jan Fitzell, IBI Corporate Finance Limited (ESM Adviser)	Tel: +353-7662-34800
Jon Bellis, Elliot  Hance, Beaufort Securities Limited (Broker)	Tel: +44-20-7382-8300
Michael Padley, Lothbury Financial Services Limited	Tel: +44-20-3290-0707
Don Hall, Hall Communications	Tel: +353-1-660-9377

http://www.kareliandiamondresources.com/