Karelian Diamond Resources has secured a diamond exploration reservation situated in the Liperi region of eastern Finland from The Finnish Mining Authority (TUKES).

The company’s decision to apply for the reservation comes following a review of positive past exploration results and airborne geophysics in the Liperi region.

According to the company, the Liperi Reservation covers an area of 12km².

On the Russian sector of the Craton, two diamond deposits, Lomonosov and Grib, have been discovered and are currently in production.

Karelian Diamond Resources chairman Richard Conroy said: “I am delighted that Karelian Diamonds has been granted this reservation in the Liperi region of Finland. It lies to the south of the Kuhmo region, where the company has discovered two kimberlite bodies.”

Karelian Diamonds is carrying out an ongoing exploration programme on the Finnish sector of the Craton in the Kuhmo region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“With the new reservation in place, Karelian Diamond now has exclusive rights to apply for an exploration permit within the area.”

The company is also evaluating a diamond deposit at Lahtojoki in Finland’s Kaavi region in a bid to develop a mine.

With the new reservation in place, Karelian Diamond now has exclusive rights to apply for an exploration permit within the area.

The company’s major diamond projects in Finland are the Lahtojoki diamond project, the Seitaperä diamondiferous kimberlite pipe, and the Riihivaara diamond exploration project.

Karelian Diamond’s Finnish plans are based on Karelian Craton’s diamond prospects.