Karelian Diamond hones exploration area at Lahtojoki South
“We have applied for an exploration permit over the area and look forward to receiving the results on the kimberlite material from the boulder site"
Company
Karelian Diamond Resources PLC
LON:KDR
Karelian Diamond Resources is exploring for diamonds and evaluating existing diamond prospects in the Karelian Craton of Finland. The Karelian Craton is comparable in size to the diamond-rich Slave Lake Craton in Canada, which stretches across north-eastern Russia and northern Finland.
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Karelian Diamonds releases interim results
The Lahtojoki kimberlite pipe shows considerable potential
Karelian Diamonds looks back on year of progress in 2020
The company has significant experience of operating in Finland
Karelian Diamonds starts fieldwork at adjacent licence to Lahtojoki
Kimberlite boulders have previously been discovered in the Lahtojoki South area
Karelian Diamond raises £420,000 via share placing to provide funds to explore the acreage surrounding its Lahtojoki deposit
The group said the successful placing was for 10,500,000 ordinary shares of €0.00025 each at a price of 4p per ordinary share, a discount of 23.8% to the closing mid-market price on Monday
Karelian Diamonds now has legal right of way across Lahtojoki and plans immediate initiation of exploration work
Karelian is close to being granted a full mining permit for Lahtojoki
Karelian targets the huge potential upside on offer in diamond exploration in Finland
Finland is highly prospective for diamonds, and Karelian has years of on-the-ground know-how
Karelian Diamonds secures vehicular access for Lahtojoki project
It is thought there could be a cluster of kimberlite pipes in the vicinity
Karelian Diamond Resources boasts of “significant progress” as it followed up exploration successes
“After a year of exploration success, we have built on that with significant progress towards identifying the source of the green diamond and, post period, the discovery of Orangeite"
Karelian Diamond Resources analysis supports economics of Finland mining concession
The results essentially mirrored encouraging historic data generated from areas nearby
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