Karelian boost diamond exploration at Kuhmo

Oct 25, 2023

Karelian Diamond Resources, the Irish mineral resource exploration company which has active exploration programmes for Platinum Group metals in Northern Ireland and for diamonds in the Kuhmo region of Finland in addition to its diamond deposit at Lahtojoki in Finland, announce a placing to raise a total of £250,000 the Fundraising.

 Accordingly, Karelian Diamonds has raised funds to carry out a follow-up exploration programme for

Platinum Group metals in Northern Ireland; Funds will also be used by the Company to continue its ongoing diamond exploration programme at Kuhmo in Finland and to prepare for the next phase of work at its Lahtojoki diamond deposit in addition to strengthening its working capital position.

Professor Richard Conroy, Chairman, commented, “I welcome the completion of this fundraising which comes at an exciting time for the Company. We have only recently reported highly encouraging results from our Nickel Copper Platinum Group metals exploration programme and are now looking forward to carrying out the next phase of this exploration in Northern Ireland.

We also await with interest the results of the initial phase of our excavation and drilling diamond exploration programme in the Kuhmo region of Finland.” Full details of the raising is available at the website of Karelian Diamond Resources.

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