Extension of Riihivaara Kimberlite Body

About this update from Karelian Diamond Resources Plc

[{"type":"text","content":"\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (“MAR”).  Upon publication of this announcement via a Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.\n\nKarelian Diamond Resources plc(“Karelian” or “the Company”)\n\n16 March 2017\n\nEXTENSION OF RIIHIVAARA KIMBERLITE BODY\n\n\n100 Metre Extension to the North West Shown by High Concentrations of Kimberlite Indicator Minerals In Till Samples\n\n\n\nUp-Ice Samples Indicate that Riihivaara Kimberlite Body is Probable Source of the Kimberlite Indicator Minerals\n\n\n\nRiihivaara Kimberlite Body Remains Open to North West, South East and to Depth\n\n\n\n\n\n\n\n\n\n\n\n\n\nKarelian Diamond Resources plc (“Karelian”) (AIM: KDR, ESM: KDRI), is pleased to announce a 100 metre extension to the North West of the Riihivaara kimberlite body. The extension was indicated by the results of a series of till samples taken by the Geological Survey of Finland (“GTK”) on behalf of the Company.\n\nSamples taken along trend to the North West of the known kimberlite body showed high concentrations of Kimberlite Indicator Minerals (“KIMs”) indicating a further 100 metre North Western extension to the known 250 metre kimberlite body extent.  The Riihivaara kimberlite body remains open in both directions along strike and to depth.  \n\nThe KIMs included 47 purple to red peridotitic garnets (G9/10 Cr-pyrope), 18 orange mantle garnets and 64 chromite grains, in the 0.25 to 0.5 mm size range;  plus 2 purple to red peridotitic garnets (G9/10 Cr-pyrope), 4 orange mantle garnets and 5 chromite grains, in the 0.5 to 1.0 mm size range.\n\nThe results of samples collected in an up-ice direction from the kimberlite body returned low counts of chromite grains indicating that the Riihivaara kimberlite body is the probable source of the KIMs.\n\nAll samples will undergo further analysis by scanning electron microscopy to classify them.\n\nThis release has been approved by Kevin McNulty PGeo, who is a member of the Company's technical staff and 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 Exch...

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