Karelian Diamond Resources plc has appointed non-executive director Brendan McMorrow as non-executive chairman with immediate effect. Mr McMorrow, who became a board NED in November 2018, replaces founder and executive chairman Professor Richard Conroy who died last month. Karelian is exploring for diamonds in Finland and copper, nickel and platinum group metals in Northern Ireland.
Tag: Northern Ireland
Karelian raises £329,000 via discounted placing
Karelian Diamond Resources plc has raised £328,747 through a 38.8% discounted placing. USES The placing comprised 21,916,479 ordinary shares of €0.00025 each, at 1.5 pence perordinary share. Certain parties also capitalised amounts owed to them totalling £25,252.75 by the issue of 1,683,516 new ordinary shares at the issue price. Each placing share and investment share […]
Karelian encouraged by Irish licences’ potential
Karelian Diamond Resources plc said that potential for nickel, copper and platinum group elements had been confirmed on its Northern Ireland licences. SIMILARITIES The company added that the confirmation, in a report by Dr Larry Hulbert, followed the October 2023 discovery of indicator minerals for the metals during stream sediment sampling. The report noted similarities […]
Conroy encouraged by zinc-lead intersects
Conroy Gold and Natural Resources plc intersected zinc and lead mineralisation in two scout holes drilled at its Mountain Lodge base metal target in Northern Ireland. MINING DISTRICT The target and that of the adjacent Wolf Island lie to the southeast of the precious metals target area at Clay Lake. The drill holes, totalling 464m, […]
Conroy seeks new partner for Irish licences
Conroy Gold and Natural Resources plc and its partner in Ireland and Northern Ireland have ended their joint venture after two years. DISTRICT SCALE Turkish miner Demir Export A.Ş leaves the agreement with a net smelter royalty, having spent €5,657,671 across the licences since the JV became unconditional on 31 March 2022. The 2% NSR […]
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 […]