From 20/012014 release:

Finland-focused Karelian Diamond Resources has been granted the first two of four exploration claim reservations in the Kuuusamo region by TUKES, the Finnish mining authority.

The decision to apply for the reservations was based on analysis of airborne geophysics together with till sampling and integration of data made available to Karelian under its agreement with Rio Tinto Mining and Exploration.

In both areas, kimberlitic indicator minerals were recovered in till samples and further studies, including microprobe analysis, showed the presence of diamondiferous kimberlitic indicator minerals.

Kuusamo is located in the north-east of Finland just south of the Arctic Circle and is bordered to the east by Russia.

A claim reservation gives exclusive rights to apply for exploration claims within the reservation area.

Chairman Professor Richard Conroy said: "We are delighted to have been granted these claim reservations in an area of Finland which we believe to be highly prospective for diamonds. Following the recent successful fundraising, the company will now proceed with its exploration programme in the area"



Highly speculative (dyor) but if they get a big find then the skys' the limit !

I'm already up 45% in the last few weeks since I bought in

Anyone else in ?

After being on the floor for some time after the placing ( nothing unsual ) today ther is live on the shares with volume over the normal since yesterday

there was profit taking but buyers are back at the moment

spread 2.35 v 2.60p
Level 2
2 v 1