Karelian Granted Permit To Explore Source of Green Diamond in Finland

Mining and Exploration
27/10/2017 14:58

Karelian Diamond Resources has been informed that TUKES (The Finnish Mining Authority) has granted Karelian Diamonds an exploration permit in the Kuhmo region of Finland, where it discovered a green diamond at the start of the year. The permit covers an area of 601.68 ha surrounding the location where the Company discovered a diamond in till (31 January 2017). The permit has been granted for a period of four years. An exploration permit provides the holder with an exclusive right to apply for a mining permit. Richard Conroy, Chairman, Karelian Diamond Resources commented: “I am very pleased that we have been granted an exploration permit surrounding the location of our significant discovery of a green diamond and look forward to continued results from the Company’s exploration programme in the region.”

Last week, the Dublin-based company announced that an extensive work program was under way to find the source of the green diamond. The work program follows on from the high kimberlite indicator minerals counts reported in September, which has considerably narrowed down the search area. The diamond is a clear, pale green dodecahedron and measures 0.7 mm by 0.75 mm by 0.7 mm.