Karelian Diamond Resources PLC (LON:KDR) has been granted rights of way over the entire Naviskangas private forest road, together with a side road, giving vehicular access to the company’s Lahtojoki diamond deposit, the adjacent Lahtojoki South exploration permit area and the surrounding reservation in the Kaavi region of Finland.
The granting of vehicular rights of way by the National Land Survey of Finland will facilitate the company in its technical assessment of the Lahtojoki diamond deposit over which it has been granted a mining concession.
WATCH: Karelian Diamond Resources can now properly assess Lahtojoki potential following access approval
The two-hectare Lahtojoki diamond deposit is located in the Kaavi region of Eastern Finland and lies in the Karelian Craton which extends across north-eastern Russia and northern Finland. The world-class Lomonosov and Grib Pipe diamond deposits have been discovered in the Russian sector of the Craton.
Drilling and sampling information to date, together with other technical information, indicate that the Lahtojoki diamond deposit has the potential to become a profitable open-pit diamond mine.
Initial sampling raises the possibility that the deposit has a high percentage gem quality with coloured diamonds present, including pinks.
The grant of the rights of way also facilitates exploration on the company’s Lahtojoki South exploration permit and on its KDR-R1 Reservation surrounding the diamond deposit.