International news within the industry of mining and metal, May, 21 2018
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Karelian Diamond Resources expands in Finland

Photo: Karelian Diamonds Resources
Photo: Karelian Diamonds Resources
Published by
Simon Matthis - 24 Jan 2018

Irish Karelian Diamonds announces that it has been informed that TUKES (The Finnish Mining Authority) has granted Karelian an Exploration Claim in the Kaavi region of Finland.

The Claim, which is close to the Company’s Lahtojoki mining concession, covers an area of 28.84 Hectares surrounding the location where kimberlite boulders in till have been discovered (as announced on 12 January 2017). The permit has been granted for a period of four years.

An exploration permit provides the holder with an exclusive right to apply for a mining permit.

The Claim is subject to a 30 day appeal period.

Professor Richard Conroy, Chairman, Karelian Diamond Resources plc commented: “I am delighted that Karelian Diamonds has been granted an exploration claim in the area where the recently discovered kimberlite boulders suggest the presence of an undiscovered Kimberlite source.”