Karelian Diamond Resources PLC (AIM:KDR) told investors that its applications for two additional Mineral Prospecting Licences in Northern Ireland have been granted, allowing the company to explore the potential for nickel-copper-platinum mineralisation.
The two new licences are valid for six years and cover some 500 square kilometres, located adjacent to the company’s the KDR-1 licence, taking the total exploration area to some 750 square kilometres.
It follows the discovery of indicator minerals within KDR-1 (anomalous amounts of chromite, forsterite olivine and magmatic massive sulphide indicator minerals).
“I am very pleased that both these prospecting licences adjacent to the KDR-1 licence in Northern Ireland have been granted to the company and look forward to what could be a highly exciting period leading to the discovery of nickel-copper-platinum mineralisation in the area,” said Richard Conroy, Karelian chairman.