Welcome to Karelian Diamond Resources
Karelian Diamond Resources (“Karelian”) has acquired the Lahtojoki diamond deposit in the Kuopio - Kaavi region of Finland.
A Preliminary Economic Assessment (“PEA”) on the deposit has been completed and a mining permit to proceed with development is currently being processed.
The Lahtojoki diamond deposit has been shown to contain a high percentage of pink and coloured stones which is likely to add significantly to the financial attractiveness of the deposit.
The Lahtojoki diamond deposit, when developed, will be the first diamond mine in Europe, outside Russia.
The Company also has an active diamond exploration programme in Finland both around the Lahtojoki deposit and in the Kuhmo region of Eastern Finland close to the Russian border.
The Finnish sector of the Baltic Shield has similar geology to the Russian sector in which two world class diamond deposits have been discovered.