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Karelian Diamond Resources PLC - Finnish-focused diamond developer - Been informed by the National Land Survey of Finland that there were no appeals against the grant of rights of way for the Lahtojoki diamond deposit and the adjacent exploration acreage, and as such the grant has now gained legal force.
"The company proposes to commence immediately its exploration programme over the acreage surrounding the deposit. Karelian Diamonds also plans to expedite its technical assessment of the Lahtojoki diamond deposit to which it will now have full vehicular access," Karelian adeed.
Karelian believes Lahtojoki has the potential to become a profitable open pit diamond mine.
Current stock price: 5.49 pence
Year-to-date change: up 71%
By Paul McGowan; paulmcgowan@alliancenews.com
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