Interim results for 6 months ended 30 November ...

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\n27 February 2017\n\nKarelian Diamond Resources plc(“Karelian” or “the Company”)\n\nHalf-yearly results for the six months ended 30 November 2016\n\nKarelian Diamond Resources plc (AIM: KDR; ESM: KDR.I), the diamond exploration company focused on Finland, announces its results for the six months ended 30 November 2016.\n\nHighlights of the Half-year:\n\n\nYour Company’s exploration programme led to the discovery of a diamond in a till sample.  This very rare discovery was highly significant not only in itself but also because it was allied with the discovery of high concentrations of Kimberlite Indicator Minerals (“KIMs”).  These high concentrations of KIMs suggest that a diamondiferous kimberlite body may be present in the area which could be the source of the diamond discovery.\n\nLahtojoki diamond deposit - Exploration carried out suggests that in addition to the Lahtojoki deposit there may be further diamond resource potential in the immediate area, six kimberlite boulders found.\n\nRiihivaarä - Analysis of the indicator minerals suggests that the kimberlite body is likely to be diamondiferous.\n\n\nCommenting, Chairman, Professor Richard Conroy said:\n\n“The discovery of a diamond is tremendously exciting and is a huge step forward in your Company’s diamond exploration programme.”\n\nFor further information please contact:\n\n\n\nKarelian Diamond Resources plc\nTel: +353-1-661-8958\n\n\n\nProfessor Richard Conroy, Chairman\n\n\n\n\nAllenby Capital Limited (Nomad) \nTel: +44-20-3328-5656\n\n\n\nVirginia Bull / James Thomas / Nick Harriss,        \n\n\n\n\nBeaufort Securities Plc (Broker)\nTel: +44-20-7382-8300\n\n\n\nJon Bellis / Elliot Hance \n\n\n\n\nIBI Corporate Finance Limited (ESM Adviser) \nTel: +353-766-234-800\n\n\n\nGer Heffernan/Jan Fitzell\n\n\n\n\nLothbury Financial Services Limited \nTel: +44-20-3290-0707\n\n\n\nMichael Padley\n\n\n\n\nHall Communications\nTel: +353-1-660-9377\n\n\n\nDon Hall\n\n\n\n\nVisit the ...

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