Karelian Diamonds applies for two Arctic Circle claims

Dublin-based prospector, Karelian Diamond Resources has applied for two exploration claim reservations near the Arctic Circle.

If successful, the company — which is the sister firm to Conroy Gold & Natural Resources, which is aiming to establish a commercial gold mine in Co Monaghan — will have exclusive rights to apply for specific permits over a wide area.

Karelian has two “claims areas” in the south-east of Finland, close to the border with Russia.