TIDMKDR 
 
[Description: Description: Karelian] 
 
Karelian Diamond Resources plc 
 
("Karelian Diamonds" or the "Company") 
 
18 July 2023 
 
FOLLOW-UP DIAMOND EXPLORATION IN KUHMO 
 
  · On-site excavation and drilling to commence 
  · A total of thirty-eight kimberlite targets identified to date. 
  · Targets located up-ice from site of the green diamond discovery 
  · Target identification based on geophysical interpretation and kimberlite 
indicator mineral results 
 
Karelian Diamond Resources plc ("Karelian Diamonds") (AIM: KDR) is pleased to 
notify, further to the announcement released by the Company on 24 April 2023, 
that a follow up diamond exploration programme focused on excavation and 
drilling in the Kuhmo region of Finland up-ice of the green diamond discovered 
by the Company has commenced. 
 
Geophysical interpretations by Jeremy S. Brett International Consulting Ltd from 
drone based aeromagnetic data carried out by Radai Oy (announced by the Company 
on 7 June 2022) were combined with kimberlite indicator mineral ("KIM") sampling 
results and the topography and geology of the area leading to the identification 
of a total of thirty-eight kimberlite targets up-ice from the green diamond 
discovery. 
 
An initial site investigation programme has commenced to ascertain the 
accessibility, detailed topography and geological exposures of the targets. This 
will be followed by evaluation of the targets through a pit excavation programme 
designed to identify bedrock kimberlite. Where bedrock cannot be reached by 
excavator the targets will be tested by drilling for the presence of kimberlite. 
Till samples will also be collected for further kimberlite indicator mineral 
studies. 
 
Further announcements will follow as the exploration programme proceeds. 
 
Professor Richard Conroy, Chairman of Karelian Diamond Resources plc, commented: 
 
"I am delighted that a total of nearly forty kimberlite targets have been 
identified up-ice of the green diamond discovered by the Company and that these 
targets will now be tested by excavation and in some cases by drilling. 
 
This programme marks a further major move forward in the exploration of the 
highly promising Kuhmo region of Finland in which the presence of diamonds has 
been confirmed in the best possible way by the Company's discovery of a green 
diamond." 
 
Further Information: 
 
Karelian Diamond Resources plc      +353-1-479-6180 
 
Professor Richard Conroy, Chairman 
Allenby Capital Limited (Nomad)     +44-20-3328-5656 
 
Nick Athanas / Nick Harriss 
First Equity Limited (Broker)       +44-20-7330-1883 
 
Jason Robertson 
Lothbury Financial Services         +44-20-3290-0707 
 
Michael Padley 
Hall Communications                 +353-1-660-9377 
 
Don Hall 
 
http://www.kareliandiamondresources.com 
 
 
This information was brought to you by Cision http://news.cision.com 
The following files are available for download: 
https://mb.cision.com/Public/22626/3806431/bd37b7fbd5493a9f_org.jpeg 3806431_0.jpeg 
 
 
END

(END) Dow Jones Newswires

July 18, 2023 02:00 ET (06:00 GMT)

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