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Further intersections of Orangeite
Further intersections of Orangeite.
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 Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n\nKarelian Diamond Resources plc\n\n(“Karelian Diamonds†or “the Companyâ€)\n\n5 November 2018\n\nFURTHER DISCOVERIES OF ORANGEITE (GROUP II KIMBERLITE) UP-ICE FROM GREEN DIAMOND DISCOVERY\n\nKarelian Diamond Resources plc (“Karelian Diamondsâ€) (AIM: KDR), the diamond exploration and development company focused on Finland, is pleased to announce that drill core sampling at depth has intersected orangeite (Group II Kimberlite), in two further drill holes up-ice of its green diamond discovery. The diamond was found in a till sample in Exploration Anomaly 5, in the Kuhmo region of eastern Finland.\n\nHighlights\n\n\nOrangeite (Group II Kimberlite) intersected in two further drill holes additional to the orangeite intersected in drill hole KDR–18–02 (announced 18 October 2018)\n\n\n\nOrangeite in drill hole KDR–18–03 was intersected at 43.9m\n\n\n\nOrangeite in drill hole KDR–18–04 was intersected at 64.4m\n\n\n\nResults indicate an orangeite dyke with vertical continuity\n\n\n\nResults also indicate the orangeite dyke is open to depth and along strike\n\n\nOrangeite (Group II Kimberlite) was intersected in KDR–18–03 at 43.9m, width 0.6m, and KDR–18–04 at 64.4m, width 1.3m. There is a 16.0m separation between the first intersection in KDR–18–02 (announced 18 October 2018) and the middle intersection in KDR–18–03 and a 17.0m separation between KDR–18–03 and the bottom intersection in KDR–18–04 giving a total separation of 33.0m. The KDR–18–04 intersection at 64.4m is at a vertical depth of 59.0m.\n\nOrangeite (Group II Kimberlite) is a potentially diamondiferous host rock.\n\nThe name Orangeite comes from its first discovery near the Orange River in what was then the Orange Free State in South Africa.\n\nBest known example of mined Orangeite is the major Finsch diamond mine 165km west of Kimberley in the Northern Cape Province in South Africa.\n\nInterestingly, in its early days of production, the Finsch mine produced green diamonds.\n\nThe ...