Karelian Diamond Resources PLC (LON:KDR) has been informed by the National Land Survey of Finland that there were no appeals against the grant of rights of way for the Lahtojoki diamond deposit and the adjacent exploration acreage, and as such the grant has now gained legal force.
The company proposes to commence immediately its exploration programme over the acreage surrounding the deposit. Karelian Diamonds also plans to expedite its technical assessment of the Lahtojoki diamond deposit to which it will now have full vehicular access.
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 also raises the possibility that the deposit has a high percentage gem quality with coloured diamonds present, including pinks.
Exploration around the Lahtojoki deposit is aimed at identifying an unknown kimberlite source.
Meanwhile, the National Land Survey of Finland is at an advanced stage in relation to its assessment of land valuations at Lahtojoki. This assessment is the final step in the process of granting a full mining permit to the company over the Lahtojoki diamond deposit.