Business
Diamond exploration reservation granted in Salla
Diamond exploration reservation granted in Salla.
About this update from Karelian Diamond Resources Plc
[{"type":"text","content":"\n \nKarelian Diamond Resources plc(“Karelian Diamonds†or “the Companyâ€)\n\n28 March 2019\n\nDIAMOND EXPLORATION RESERVATION GRANTED IN SALLA\n\n\nMineral and Geophysical Anomalies Noted in This Highly Prospective Area\n\nReservation Area Lies to the North of Known Diamondiferous Kimberlites\n\n\nKarelian Diamond Resources plc (“Karelian Diamondsâ€) (AIM: KDR), is pleased to report that TUKES (The Finnish Mining Authority) has granted a Reservation situated in the Salla region of north eastern Finland to Karelian Diamonds.\n\nFollowing a review of airborne geophysics and past exploration data it was decided to apply for this Reservation in the Salla region. The Company believes this area, which lies to the north of known diamondiferous kimberlites, is a highly prospective region of Finland for the discovery of further diamondiferous kimberlite bodies.\n\nThe Salla region lies within a geological area, which straddles Russia and Finland. Two world class diamond deposits, Lomonosov and Grib, have been discovered on the Russian side of the border and are now in production as major diamond mines.\n\nKarelian Diamonds has an ongoing exploration programme on the Finnish side of the geological area and in the Kuhmo region has discovered a green diamond and two new kimberlite bodies. The Company has recently been granted a reservation in the Liperi region (as announced 13 February 2019) and is also assessing a diamond deposit at Lahtojoki in the Kaavi region of Finland with a view to developing a mine, which would be the first diamond mine in Europe outside Russia.\n\nThe Salla Reservation covers an area of 1,100 Ha.\n\nA Reservation gives exclusive rights to apply for an Exploration Permit within the Reservation area.\n\nA link to a map of Finland showing the Reservation in the Salla Region and its proximity to Kuhmo, Lahtojoki and Liperi is shown below:\n\nhttps://mma.prnewswire.com/media/842688/Finland_Map___salla.pdf\n\nProfessor Richard Conroy, Chairman, Karelian Diamond Resources plc commented:\n\n“I am pleased that Karelian Diamonds has been granted this Reservation in the highly prospective Salla region of Finland, where geophysics and analysis of past exploration data has suggested the possible presence of kimberlite bodies.†\n\nFor further information please contact:\n\n\n\nKarelian Diamond Resources plc\...