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As of 12:10 PM 08/7/15 All times are local (Market data is delayed by at least 15 minutes).

karelian diamond resources (KDR) Snapshot

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karelian diamond resources (KDR) Details

Karelian Diamond Resources plc engages in the discovery, development, and exploration of diamond deposits. It evaluates diamondiferous kimberlite pipe located in the Karelian Craton, Finland. The company also holds interests in Kuhmo, Seitaperä, Riihivaara, and Joensuu claims areas. Karelian Diamond Resources plc is headquartered in Dublin, Ireland.

karelian diamond resources (KDR) Top Compensated Officers

Managing Director, Director and Member of Exe...
Total Annual Compensation: €50.0K
Finance Director, Company Secretary, Director...
Total Annual Compensation: €30.0K
Compensation as of Fiscal Year 2014.

karelian diamond resources (KDR) Key Developments

Karelian Diamond Resources PLC Announces Positive Mineral Chemistry Results in Riihivaara Kimberlite

Karelian Diamond Resources PLC announced that results from the mineral chemistry analyses carried out by the Geological Survey of Finland show that the right geochemical conditions exist to host diamonds in the Riihivaara Kimberlite, which was recently discovered by the Company in the Kuhmo area of Eastern Finland. The new results are significant in that they show that the Riihivaara Kimberlite sampled a portion of the Earth’s mantle that has a high potential to be diamondiferous. A 20kg sample collected from the discovery pit shows positive mineral chemistry results. These results were obtained from the coarse (0.5 to 1.0mm) size fraction. Eclogitic garnets (including Diamond indicator Group I type) are abundant (54% of the garnet indicator minerals) in the sample. Group I eclogitic garnets tend to be associated with diamonds. Similarly, G10 harzburgitic garnets were also present in the sample and these are also associated with the presence of diamonds. The kimberlite chromite population in the sample shows a high percentage (18%) of diamond inclusion type chromites indicating that the kimberlite has a high potential to host diamonds. Ilmenites discovered in the kimberlite indicate a good preservation index. Results from the ilmenite analyses indicate derivation from low oxidation mantle source rocks, which is important for the growth and preservation of diamonds. Geochemical and petrographic analyses confirm the kimberlite to be an olivine-rich, micaceous kimberlite similar to the company’s diamondiferous Seitaperä Kimberlite. Comparisons between the kimberlite indicator mineral populations in the kimberlite sample and those previously observed in till sampling show differences which may indicate additional diamondiferous sources in the exploration area.

Karelian Diamond Resources plc Announces Five Further Pits from its Original Discovery of Kimberlite in the Kuhmo Area

Karelian Diamond Resources plc announced that five further pits along strike from its original discovery of kimberlite in the Kuhmo area have all intersected kimberlite. The pitting shows that the kimberlite extends for at least 250 metres and is a dyke which remains open in both directions along strike with widths of up to 2 metres intersected. Kimberlite samples were collected from each pit and the Company is continuing its evaluation of the extent and diamondiferous potential of the kimberlite. Further infill till sampling for kimberlitic indicator minerals generated high concentrations of kimberlitic indicators and, together with an extensive detailed ground magnetic survey in the area, conducted by the company, has identified new diamond exploration targets within the immediate area. The results of the till sampling and the ground magnetic surveys indicate that there may be more than one kimberlite source present.

Karelian Diamond Resources PLC Announces Change of Registered Office

Karelian Diamond Resources PLC announced that it has changed its registered office to 9 Merrion Square North, Dublin 2.

 

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