Karelian’s Finland diamond exploration permit becomes legally valid
Karelian Diamond Resources has announced that the exploration permit received for the Lahtojoki South ore exploration in Finland is now legally valid.
The permit is of specific interest to Karelian Diamond due to its close proximity to the Lahtojoki deposit, which is situated in the Kaavi region of Finland. Covering around 28.8ha, the granted exploration permit comprises the area where kimberlite boulders were revealed. These boulders were discovered to the south-west of the Lahtojoki diamond deposit. They extend more than 400m up-ice from the boulder discovery site, said Karelian Diamond. According to the company, the nature of the boulder material showed that they are from an undiscovered kimberlite.
In August 2017, the company conducted a preliminary economic assessment (PEA) on the Lahtojoki diamond. The PEA demonstrated the economic existence of the deposit. Karelian Diamond Resources chairman Richard Conroy said: “I am very pleased that this exploration permit near to the Lahtojoki diamond deposit has become legally valid, enabling the company to proceed with its exploration plans for the area.
“The possibility of a new diamondiferous kimberlite discovery close by further increases the overall attractiveness of the Lahtojoki Diamond Deposit.”
The company hopes to develop the Lahtojoki diamond deposit as Europe’s first diamond mine, operating outside Russia.
In February 2019, the company secured a diamond exploration reservation situated in the Liperi region of eastern Finland from The Finnish Mining Authority (TUKES).
In the same year, TUKES granted a reservation situated in the Salla region of northeastern Finland to Karelian Diamond.
- An Israeli gas pipeline to Turkey and Europe
- What Are The Major Natural Resources Of Macedonia?
- Dundee reports record gold production in second quarter in Bulgaria
- Polish ZGH Boleslav accused of polluting Montenegro rivers from its lead zinc mine Suplja Stijena
- Rio Tinto faces charges from Serbian NGO’s
- Who are the main players in the ore exploration business in Serbia
- Rio Tinto is ecological catastrophe for Serbian citizens
- Cunico Resources operations in Macedonia & Kosovo, links with Gabriel Resources-Romania Rosia Montana
- Outokump’s Kemi chrome mine in Finland targeting carbon neutrality by 2025
- $700 million invested by Vallex Group in Armenia’s mining industry over past two decades