Endomines announces that the company is starting mining well ahead of schedule at the Pampalo mine in eastern Finland – the Friday operation in Idaho continue ramp up

Endomines announces that the company is starting mining well ahead of schedule at the Pampalo mine in eastern Finland – the Friday operation in Idaho continue ramp up

Endomines AB (publ), Stock Exchange Release 17 December 2021 at 14:30 CET

 

Endomines AB is pleased to give an update of progress at the Pampalo mine in eastern Finland and announce that ore mining has started ahead of schedule and that the mill is about to start. The deepening of the mine reached the targeted 815-mining level in November. A total of 450 m of decline development has now been completed since start-up in April 2021 and level development and development work for accessing stopes is ongoing and the first mining stopes will be in production in early February. Mill ramp up will be done by using ore from mining development. To date a total of 2500 tonnes ore grading approximately 2.7g/t has been stockpiled and will be fed to the mil once mill testing is completed before Christmas. Also, in January gravity processing with a Knelson concentrator will complement the flotation process. All mill personnel including mill manager has been hired, trained and are ready to start full mill production in the beginning of the year.

 

Mining and milling at the Friday mine and Orogrande processing plant in Idaho, USA is continuing ramp up phase. Underground drilling to test deeper areas of the mineralisation for mine planning purpose is being carried out. 

 

Contact person

Seppo Tuovinen, interim CEO, seppo.tuovinen@endomines.com, +358 50 576 0143

Vern Langdale, director of operations, vern.langdale@endomines.com, +358 44 422 9657

 

This information was submitted for publication through the contact person set out above at 14:30 CET on 17 December 2021.

 

About Endomines

Endomines is a mining and exploration company with its primary focus on gold. The Company explores for gold along the Karelian Gold Line in Eastern Finland and develops mining operations in Idaho, USA and Finland. Endomines aims to improve its long-term growth prospects by increasing its exploration activities and through acquisitions. Endomines aims to acquire deposits that are situated in stable jurisdictions and can be brought to production rapidly with limited investments.

The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM).