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IN BRIEF: Karelian Diamond data shows potential green diamond source

ALN

Karelian Diamond Resources PLC - Finland and Northern Ireland-focused diamond and platinum group metals exploration company - Says unmanned aerial vehicle-based detailed electromagnetic survey conducted, with EM data processed by Radai Oy. Says this occurred over green diamond target area in the Kuhmo region of Eastern Finland and has identified two diatreme-shaped anomalies that may indicate the kimberlitic source of the green diamond, the focus of its exploration in the area.

Managing Director Maureen Jones says: ‘We are delighted that this new innovative UAV geophysical survey has been so successful in the identification of a diatreme shape kimberlite target and possible source of the green diamond. This kimberlite target is further supported by the kimberlite indicator mineral fan, making it a very exciting and high priority drilling target. We look forward to progressing our exploration programmes both in Northern Ireland and Finland in addition to moving the Lahtojoki mining project forward as it moves to the next phase.’

Current stock price: 1.16p

12-month change: down 46%

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