Karelian Diamond Resources plc has raised £250,000 via a discounted placing of 10 million ordinary shares each of €0.00025, at a price of 2.5 pence per ordinary share. DIRECTORS’ DEALINGS The fundraise was at 2.5 pence per ordinary share, representing a discount of 33.3% to the closing mid-market price of 3.75 pence on 19 October […]
Tag: Karelian Diamond Resources plc
Karelian confirms Irish licences’ prospectivity
Karelian Diamond Resources plc said indicator analyses of stream sampling confirmed nickel, copper and platinum group metals prospectivity at its three Northern Ireland licences. ANOMALOUS The stream sampling followed a 2021 programme which the Dublin-based company said had suggested the potential for the metals. A total 33 follow-up stream sediment samples, each weighing an average […]
Karelian completes pitting programme in Kuhmo
Karelian Diamond Resources plc has completed a pitting programme on more than 20 previously identified kimberlite targets in the Kuhmo region of Finland. GLACIAL TILL The targets extend over 23 locations from where glacial till samples for kimberlite indicator mineral testing were collected. The company said that the bedrock reached in eight of the locations […]
Karelian begins exploration in Northern Ireland
Karelian Diamond Resources plc has begun an exploration programme on its three nickel-copper-platinum group metals licences in Northern Ireland. POTENTIAL The Dublin-based company, with diamond exploration assets in Finland, collected a series of stream sediment samples which have been sent to Canada for analysis. A total of 14, nine and 10 samples were taken from […]
Karelian starts follow-up exploration in Kuhmo
Karelian Diamond Resources plc has started follow-up exploration programme focused on excavation and drilling in the Kuhmo region of eastern Finland. TARGETS The company said that operations were located “up-ice” of its green diamond discovery. A total of 38 kimberlite targets have been identified from drone-based aeromagnetic data combined with kimberlite indicator sampling results and […]
Conroy Gold settles Karelian debt with shares
Conroy Gold and Natural Resources plc has acquired shares in Karelian Diamond Resources plc to part-settle debt owed to it. TERMS The company has also agreed a loan to help fund Karelian’s exploration in Finland. As at the end of the six-month period ending 30 November 2022, Dublin-based Karelian owed Conroy Gold €234,651. Conroy Gold […]