Business
Mantle Bearing Kimberlite at Seitapera
Mantle Bearing Kimberlite at Seitapera.
About this update from Karelian Diamond Resources Plc
[{"type":"text","content":"\n \n 15 May 2008\n\n Karelian Diamond Resources plc \n\n (\"Karelian Diamond Resources\" or the \"Company\") \n\n MORE MANTLE NODULE-BEARING KIMBERLITE FOR KARELIAN \n\n IN LATEST DRILLING AT SEITAPERÄ \n\n * Mantle Material Present Over Entire Length Of Two Drill Holes\n \n * Drill-Testing Of Targets in Major Kimberlite Indicator Mineral Train\n Continues\n \nKarelian Diamond Resources plc (AIM:KDR) is pleased to announce that two\nfurther drill holes into its diamondiferous Seitaperä kimberlite pipe in\nEastern Finland both intersected mantle nodule-bearing kimberlite over their\nentire lengths of 50.00 m and 48.20 m respectively. In some sections of core up\nto 50 percent mantle material is present over intersections of up to 5 m.\n\nThe presence of mantle material in a kimberlite is a pre-requisite for it to\nhave economic diamond potential.\n\nIn total, approximately 225 kg of kimberlite was collected from the drill core\nand, following detailed logging and sampling for mineral chemistry studies, it\nis intended to submit about 100 kg of this material for micro-diamond analysis.\n\nThe latest drilling follows the recently announced favourable results from\nmineral chemistry and micro-diamond analysis on the Seitaperä pipe.\n\nElsewhere in the Kuhmo region, ongoing work has included systematic drill\ntesting of a number of geophysical targets which the Company has identified\nwithin a pronounced kimberlite indicator mineral train more than 5 km long and\nup to 1.5 km wide. To date, three targets have been tested in a progressive\nup-ice direction, but none has yet yielded a kimberlite source. Several more\ntargets remain to be tested within this train, which includes G9 and G10\ngarnets as well as numerous kimberlitic chromites.\n\nThe Company had also planned to drill a new 5 ha anomaly beneath a lake in the\nKuhmo area which was identified and delineated by ground geophysics in January\n2008. It was unable to do so, however, because Finland has experienced the\nmildest winter officially recorded since records began over a century ago,\nresulting in insufficient lake ice developing to allow drilling rig access. It\nis now planned to drill-test this prominent target next winter.\n\nCommenting today, Professor Conroy, Chairman of Karelian Diamond Resources,\nsaid: \"These results show that we continue to make progress in ...