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Karelian Diamond says aerial survey completed over area where rare green diamond was found

The company announced the discovery of a very rare pale green diamond in the area in 2017

Karelian Diamond Resources PLC -
Karelian announced the discovery of a green diamond in Anomaly 5 in 2017. Photo credit: Karelian Diamond Resources PLC

Karelian Diamond Resources PLC (LON:KDR) said an aerial magnetic survey has been completed over the Anomaly 5 (Tervavaara) target in the Kuhmo region of Eastern Finland, an area where the company announced the discovery of a very rare, pale green diamond in early 2017.

The AIM-quoted company said it believes the area has the potential to be a new diamond province.

Results from the unmanned aerial vehicle (UAV) detailed high-resolution magnetic survey are being integrated with the company’s existing Kimberlite Indicator Minerals (KIMs) data and drilling information in the area, to aid in the identification of kimberlite bodies, including the possible source of the green diamond and/or other diamondiferous kimberlite bodies in the area.

“These results, using this innovative and highly effective technique, have greatly enhanced our already extensive knowledge of the Kuhmo diamondiferous area of Finland in addition to the established diamondiferous Kuopio-Kaavi area of Finland where the company is looking to develop the Lahtojoki Diamond deposit as the first diamond mine in Finland and in Europe, outside Russia,” said chairman Professor Richard Conroy.

The survey comprised 250 line km covering an area of 7.8 km2.

Quick facts: Karelian Diamond Resources PLC


Price: 2.45 GBX

Market Cap: £1.68 m

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