Karelian Diamond Resources PLC (AIM:KDR) said thin sections from a kimberlite boulder recovered from the Lahtojoki South exploration area in Finland indicate potential for the presence of diamonds.
The findings, from analysis undertaken by the Geological Survey of Finland (GTK), also showed the grains from the boulder were “outstanding” and “an important indicator for good potential diamond survival”.
The GTK report found the chromites, which are relatively rare in the Lahtojoki kimberlite diamond deposit, appear to be more common in the boulder and is further confirmation the boulder does not derive from the Lahtojoki diamond deposit.
“The results from the GTK report, which has been commissioned by Karelian, further confirm that the boulder is not from the Lahtojoki deposit and also that the source of the boulder has excellent potential for diamonds being present,” said Karelian chairman Professor Richard Conroy.
“This increases the possibility of there being additional diamond potential in the Lahtojoki South exploration area.”