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Karelian Diamond Resources

  • BY: Andrew Hore |
  • POSTED: 08/07/2008 |

Karelian Diamond Resources believes that it has proved that the Seitapera kimberlite pipe is diamondiferous.

The shares jumped 1.875p to 7p following the news. That values Karelian at £4.24m. 

The number of micro-diamond crystals per kilogram of kimberlite is a way of expressing the potential of a discovery. Karelian chairman Professor Richard Conroy believes that Seitapera is comparable to many recent diamond discoveries.

There were 67 diamonds - 61 micro-diamonds and six macro-diamonds - recovered from a 100kg kimberlite sample. They were mostly white or off-white although some were grey. 

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