20.4 C
Belgrade
Supported byspot_img
spot_img

Karelian’s Finland diamond exploration permit becomes legally valid

Member of Europium Groupspot_img
Supported byspot_img

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.

Supported by

“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.

Source: mining-technology.com

Supported byElevatePR Digital

Related News

Exploring synergies: Namibia’s mining sector and EU-Africa collaborations

A recent study delving into Namibia's mining sector sheds light on Europe's efforts to foster strategic collaborations with African nations. Funded by the EU,...

Unified mineral reporting: UNECE aligns international standards for mining industry

The United Nations Economic Commission for Europe (UNECE) recently announced the harmonization of key international standards used in mineral reporting to simplify the process...

Strategic collaboration: South Korea’s resource partnership with Mongolia

Nestled just 2000 kilometers away from South Korea, resource-rich Mongolia emerges as a promising ally in Seoul's ongoing quest to diversify its mineral supply...

Angola’s mineral renaissance: Beyond oil to rare earths and diamonds

Long hailed as a prominent oil exporter in Africa, Angola is now capturing international attention for its vast mineral reserves, largely untapped until now....
Supported by
Supported by
Supported by
error: Content is protected !!