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Karelian Diamond Resources analysis supports economics of Finland mining concession

The results essentially mirrored encouraging historic data generated from areas nearby

diamonds on a board
Micro-diamond analysis is used to determine the viability of projects

Work assessing the potential of a diamond project in Finland has increased the owner’s confidence in asset’s economic potential.

Karelian Diamond Resources PLC (LON:KDR) carried out a micro-diamond analysis on the untested Eastern Lobe of the Lahtojoki mining concession.

READ: Karelian bolsters Finnish aspirations with Lahtojoki permit

The results were comparable to historic data generated from Central and Western areas.

The new information supports the company’s thesis Lahtojoki’s diamond-bearing kimberlite will produce around 40 carats of high-quality stones per hundred tonnes of ore.

“These early-stage results not only serve to confirm the validity of earlier analyses by a previous operator, but also indicates that the grade, modelled at 40 carats per hundred tonnes from past micro-diamond results, could be reasonably extended into the Eastern Lobe of the Kimberlite at depth,” said chairman, Professor Richard Conroy.

“As such they give the company increased confidence in an economically robust project, as outlined in the preliminary economic assessment undertaken in 2017.”

Quick facts: Karelian Diamond Resources PLC

Price: 3.3 GBX

Market: AIM
Market Cap: £1.42 m

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