Karelian Diamond Resources Plc - Court hearing set for Lahtojoki
(“Karelian Diamonds” or “the Company”)
LAND COURT HEARING SET FOR LAHTOJOKI DIAMOND DEPOSIT
As previously announced by the Company a mining concession application for the Lahtojoki diamond deposit has already been approved by TUKES (the Finnish mining authority) and the
Finalisation of land possession for the duration of the mine is a necessary and welcome step forward in relation to the Company’s proposed development of the Lahtojoki diamond deposit.
The Board believes that the development of a diamond mine at Lahtojoki will not only bring significant benefits to the Company, but also to the entire surrounding Kuopio-Kaavi area.
The diamond mine at Lahtojoki, when in production, is expected to be the first diamond mine in
The Lahtojoki diamond deposit, as well as containing high quality colourless gem diamonds, also contains pink diamonds and other coloured diamonds. Such diamonds are highly sought after and can command prices up to 20 times that of normal colourless gem diamonds.
Professor
“The setting of an official date for the hearing of the appeal by the two landowners will bring finalisation to the establishment of a diamond mining concession at Lahtojoki and is to be welcomed. ”
Further information:
Karelian Diamond Resources plc +353-1-479-6180 ProfessorRichard Conroy , ChairmanAllenby Capital Limited (Nomad) +44-20-3328-5656Nick Athanas /Nick Harriss Peterhouse Capital Limited (Broker) +44-20-7469-0930Lucy Williams /Duncan Vasey Lothbury Financial Services +44-20-3290-0707Michael Padley Hall Communications +353-1-660-9377Don Hall
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