Endomines reports more high-grade drilling results from Pampalo Gold Mine

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Endomines Finland Oyj – Stock Exchange Release, February 27, 2023, at 15.00 EET.

 

Endomines reports more encouraging drilling results from the 2022 underground drilling programme at the Pampalo Gold Mine in Ilomantsi. The drilling program was completed in December 2022. The infill program reported here, consisted of sixty-four (64) diamond drill holes for a total of 4 246 m. The drill holes were targeted at the planned production area between the 815 and 875 mine levels, representing the next sixty (60) vertical meters below the current production area. All the assay results have now been received.

 

Highlighted drill results include:

 

  • T-1796 intersected 5.1 meters at 60.1 g/t gold (13.1 g/t when capped at 20 g/t), including 1.0 meters at 212.0 g/t gold
  • T-1786 intersected 4.2 meters at 45.6 g/t gold (10.5 g/t when capped at 20 g/t), including 1.0 meters at 152.6 g/t gold
  • T-1823 intersected 6.4 meters at 18.9 g/t gold (13.4 g/t when capped at 20 g/t), including 1.0 meters at 58.9 g/t gold
  • T-1785 intersected 5.1 meters at 20.0 g/t gold (11.7 g/t when capped at 20 g/t), including 1.0 meters at 41.5 g/t gold
  • T-1801 intersected 5.6 meters at 17.5 g/t gold (7.6 g/t when capped at 20 g/t), including 1.1 meters at 66.3 g/t gold

 

The previous release reporting drill results for the same area was published on the 26th of August 2022. The new results reported in this release further confirm the company's view on the deep extensions of the ore lenses at Pampalo verifying the grades and widths used in the mine planning studies. A new resource estimate update, including all the new results, is being prepared and the mine plan will be updated accordingly. The next underground drilling program is planned to start in April 2023.

 

 

"I am very pleased with the drilling results we received, which confirm the continuation of high-grade gold mineralisation in the area being explored.  These findings enable our business growth in Finland, in line with our strategy, providing a good foundation for our production in 2023-2024" says Kari Vyhtinen, CEO.

 

 

The most interesting new drill intersections from infill drilling are presented in the figure below and complete drill results area presented in Table 1.
 

 

Diagram

Description automatically generated

 

 

Table 1 – Diamond core drilling results 2022 from Pampalo underground mine at Karelian Gold Line, Finland

Hole ID

Northing

Easting

Elevation

Azimuth
(°)

Dip
(°)

Length
(m)

From
(m)

To
(m)

Downhole
length (m)

True Width (m)

Au
(g/t) uncapped

Au
(g/t) capped*

T-1763

5976.9

10107.2

-807.3

47.9

-46.2

59.5

45.4

48.0

2.6

1.5

6.2

 

 

 

 

 

 

 

 

53.9

56.2

2.3

1.3

2.1

 

T-1764

5976.8

10107.2

-806.8

57.0

-23.4

51.1

17.0

18.0

1.0

0.8

9.4

 

 

 

 

 

 

 

 

38.3

41.3

3.0

2.3

3.6

 

 

 

 

 

 

 

 

46.5

47.1

0.6

0.5

9.8

 

T-1765

5976.8

10107.3

-807.3

66.2

-36.5

46.2

25.6

26.6

1.0

0.8

9.8

 

 

 

 

 

 

 

 

35.8

42.8

7.0

5.7

11.3

7.4

 

 

 

 

 

 

Including

39.5

41.2

1.7

1.4

36.2

20.0

T-1766

5976.7

10107.2

-807.4

87.4

-56.7

50.3

34.8

46.0

11.2

8.3

7.4

5.6

 

 

 

 

 

 

Including

43.0

43.9

0.9

0.7

42.1

20.0

T-1767

5976.8

10107.2

-806.7

84.2

-21.9

45.1

27.5

34.2

6.8

6.6

1.5

 

T-1768

5969.6

10104.5

-806.6

91.3

-29.2

48.2

30.2

31.3

1.1

1.1

2.6

 

 

 

 

 

 

 

 

33.4

37.5

4.1

4.0

2.0

 

T-1769B

5969.6

10104.4

-806.9

92.4

-45.6

51.2

10.6

11.6

1.0

0.9

5.0

 

 

 

 

 

 

 

 

33.9

42.3

8.4

7.2

5.3

5.2

 

 

 

 

 

 

Including

40.0

41.6

1.6

1.3

15.0

14.7

 

 

 

 

 

 

 

43.4

44.4

1.1

0.9

9.6

 

T-1770

5963.7

10101.3

-806.9

99.5

-52.1

53.8

40.2

42.8

2.6

2.1

2.8

 

T-1771

5957.2

10091.8

-806.7

53.0

-45.3

75.1

1.0

3.2

2.2

1.4

2.0

 

 

 

 

 

 

 

 

10.0

11.0

1.0

0.6

5.4

 

 

 

 

 

 

 

 

62.8

64.5

1.7

1.1

3.8

 

 

 

 

 

 

 

 

68.4

73.3

4.9

3.1

10.4

9.0

 

 

 

 

 

 

Including

70.8

71.6

0.8

0.5

28.0

 

T-1772

5957.2

10091.8

-806.8

52.1

-61.8

93.2

78.0

82.0

4.0

2.0

12.5

8.7

 

 

 

 

 

 

Including

79.0

80.0

1.0

0.5

35.1

20.0

T-1773

5957.2

10091.8

-806.8

56.9

-46.1

70.3

2.3

5.0

2.8

1.9

1.4

 

 

 

 

 

 

 

 

55.3

59.0

3.8

2.5

4.9

 

 

 

 

 

 

 

 

63.0

68.4

5.4

3.6

11.8

5.2

 

 

 

 

 

 

Including

63.0

64.0

1.0

0.7

55.8

20.0

T-1774

5957.3

10091.8

-806.8

71.8

-52.4

72.1

4.3

5.8

1.5

1.1

6.6

 

 

 

 

 

 

 

 

56.8

59.8

3.0

2.2

1.6

 

T-1775

5952.1

10089.3

-806.1

90.7

-25.1

53.6

40.9

45.2

4.3

4.2

3.3

 

 

 

 

 

 

 

 

47.2

48.3

1.1

1.1

1.3

 

 

 

 

 

 

 

 

50.3

51.3

1.0

0.9

17.6

 

T-1776

5952.2

10089.1

-806.5

90.1

-56.4

72.2

57.8

60.7

2.9

2.2

5.8

 

T-1777

5952.1

10089.4

-806.4

105.8

-42.4

63.0

47.0

52.2

5.2

4.5

2.9

 

T-1778

5952.3

10088.9

-806.5

122.7

-57.5

81.3

62.0

66.0

4.0

2.6

5.2

 

 

 

 

 

 

 

Including

64.0

65.0

1.0

0.7

13.5

 

T-1779

5951.4

10088.1

-805.8

117.0

-23.9

59.8

38.0

39.0

1.0

0.9

1.3

 

 

 

 

 

 

 

 

44.4

52.0

7.6

7.0

6.7

6.4

 

 

 

 

 

 

Including

45.3

46.0

0.7

0.6

22.5

20.0

T-1780

5951.7

10087.9

-806.3

130.4

-59.3

78.2

64.2

71.8

7.6

4.4

2.6

 

 

 

 

Hole ID

Northing

Easting

Elevation

Azimuth
(°)

Dip
(°)

Length
(m)

From
(m)

To
(m)

Downhole
length (m)

True Width (m)

Au
(g/t) uncapped

Au
(g/t) capped*

T-1781

5951.0

10086.8

-806.0

137.2

-52.5

84.0

64.6

71.2

6.7

3.9

3.2

 

 

 

 

 

 

 

Including

66.6

67.7

1.2

0.7

8.7

 

T-1782

5950.8

10086.9

-806.1

143.7

-40.5

76.8

60.0

63.0

3.0

1.8

2.5

 

 

 

 

 

 

 

 

65.0

66.1

1.1

0.7

1.6

 

T-1783

5950.8

10087.0

-805.7

145.4

-29.5

83.6

64.2

66.8

2.6

1.6

2.7

 

T-1784

6062.1

10108.2

-836.2

51.4

-50.6

59.5

31.0

32.0

1.0

0.6

3.2

 

 

 

 

 

 

 

 

45.1

49.0

3.9

2.3

2.9

 

T-1785

6062.3

10108.3

-835.7

57.2

-35.2

48.1

36.8

41.9

5.1

3.8

20.0

11.7

 

 

 

 

 

 

Including

38.8

40.0

1.2

0.9

41.5

20.0

 

 

 

 

 

 

 

45.6

46.6

1.0

0.7

1.6

 

T-1786

6062.3

10108.3

-835.5

59.9

-19.0

60.0

34.3

38.5

4.2

3.4

45.6

10.5

 

 

 

 

 

 

Including

34.3

35.4

1.1

0.9

152.6

20.0

 

 

 

 

 

 

 

44.7

45.6

0.9

0.7

1.8

 

T-1787

6061.9

10122.3

-835.8

62.7

-36.0

38.3

18.2

23.0

4.9

3.8

4.1

 

T-1788

6061.9

10122.2

-834.5

66.6

-2.7

45.2

20.8

22.0

1.2

1.0

8.9

 

 

 

 

 

 

 

 

30.2

31.1

0.9

0.8

1.4

 

 

 

 

 

 

 

 

34.0

38.2

4.2

3.6

3.1

 

T-1789

6053.0

10110.2

-834.7

74.6

-36.8

39.6

29.5

33.1

3.7

3.2

4.3

 

T-1790

6058.8

10134.4

-834.0

77.7

15.0

35.7

3.8

7.4

3.6

3.0

4.4

 

T-1791

6050.0

10109.1

-835.8

93.1

-61.8

44.9

29.4

30.2

0.8

0.5

4.1

 

 

 

 

 

 

 

 

34.0

34.9

0.9

0.6

2.9

 

 

 

 

 

 

 

 

40.2

41.7

1.5

1.0

5.4

 

T-1792

6050.0

10109.4

-835.6

90.7

-48.2

35.5

32.2

33.0

0.8

0.6

4.6

 

T-1793

6050.0

10109.7

-834.6

91.4

-11.1

36.4

27.0

31.3

4.3

4.3

3.3

 

T-1794

6050.0

10109.8

-834.0

91.5

7.4

46.8

28.0

31.7

3.7

3.4

2.4

 

 

 

 

 

 

 

 

36.0

36.8

0.8

0.7

3.9

 

T-1795

6040.7

10109.6

-834.3

114.6

0.9

40.5

31.4

34.3

2.9

2.6

4.3

 

T-1796

6040.8

10109.5

-834.7

123.1

14.4

51.3

34.3

35.3

1.0

0.8

1.8

 

 

 

 

 

 

 

 

40.9

46.0

5.1

3.9

60.1

13.1

 

 

 

 

 

 

Including

43.0

44.0

1.0

0.8

212.0

20.0

 

 

 

 

 

 

 

48.0

48.9

0.9

0.7

2.2

 

T-1797

6041.0

10109.3

-835.6

119.7

-46.7

42.2

27.4

28.2

0.8

0.7

6.0

 

 

 

 

 

 

 

 

32.0

38.1

6.1

4.7

1.4

 

T-1798

6040.8

10109.5

-834.7

121.4

-61.9

48.1

34.3

43.0

8.7

5.3

5.3

4.8

 

 

 

 

 

 

Including

42.0

43.0

1.0

0.6

24.3

20.0

T-1799

6039.8

10109.6

-835.1

129.1

-22.5

41.9

29.5

31.6

2.1

1.7

21.0

8.4

 

 

 

 

 

 

Including

29.5

30.3

0.8

0.6

55.2

20.0

 

 

 

 

 

 

 

33.0

37.0

4.0

3.3

2.5

 

T-1800

6039.6

10109.8

-834.1

134.5

3.8

50.2

34.2

38.3

4.1

3.0

2.3

 

 

 

 

 

 

 

 

41.9

45.0

3.1

2.3

1.3

 

T-1801

6040.1

10109.4

-835.4

131.8

-38.2

45.1

24.4

30.0

5.6

4.1

17.5

7.6

 

 

 

 

 

 

Including

26.8

27.9

1.1

0.8

66.3

20.0

 

 

 

 

 

 

 

35.0

39.9

4.9

3.6

3.2

 

 

 

 

 

 

 

 

42.0

42.6

0.6

0.5

2.3

 

 

 

Hole ID

Northing

Easting

Elevation

Azimuth
(°)

Dip
(°)

Length
(m)

From
(m)

To
(m)

Downhole
length (m)

True Width (m)

Au
(g/t) uncapped

Au
(g/t) capped*

T-1802

6039.6

10109.8

-834.7

139.8

-11.7

49.4

32.9

34.0

1.1

0.8

4.6

 

 

 

 

 

 

 

 

37.3

44.1

6.8

4.8

4.2

3.6

T-1803

6048.6

10108.2

-835.9

149.7

-52.7

59.1

44.0

49.2

5.2

2.4

2.5

 

T-1804

6048.6

10108.2

-835.9

150.9

-29.0

64.5

42.5

47.1

4.6

2.5

7.3

 

 

 

 

 

 

 

 

55.7

59.0

3.4

1.8

1.4

 

T-1805

6037.9

10107.3

-835.8

150.5

-51.8

69.2

45.3

52.7

7.4

3.4

4.6

4.4

 

 

 

 

 

 

Including

49.0

49.5

0.5

0.2

23.8

20.0

 

 

 

 

 

 

 

60.2

63.2

3.0

1.4

3.5

 

T-1806

6130.1

10080.7

-826.5

74.7

-27.5

93.3

31.4

33.5

2.1

1.9

1.6

 

 

 

 

 

 

 

 

71.1

76.0

4.9

4.5

1.8

 

 

 

 

 

 

 

 

78.7

79.8

1.1

1.0

1.0

 

 

 

 

 

 

 

 

84.0

88.1

4.1

3.8

6.2

 

T-1807

6130.1

10080.8

-826.8

84.1

-37.4

98.0

66.9

68.0

1.1

1.0

2.7

 

 

 

 

 

 

 

 

82.3

91.7

9.5

8.6

8.9

5.3

 

 

 

 

 

 

Including

85.0

86.0

1.0

0.9

54.5

20.0

T-1808

6129.4

10081.2

-826.4

77.4

-21.5

90.3

79.1

83.2

4.1

3.8

12.2

 

T-1809

6129.1

10079.4

-825.8

82.2

-4.1

83.4

68.0

72.6

4.6

4.4

3.1

 

 

 

 

 

 

 

Including

68.0

69.0

1.0

1.0

10.3

 

T-1810

6129.4

10081.2

-826.7

85.9

-29.2

93.3

38.2

38.9

0.6

0.6

4.3

 

 

 

 

 

 

 

 

77.4

78.4

1.0

1.0

2.1

 

 

 

 

 

 

 

 

80.2

84.3

4.1

3.9

3.1

 

T-1811

6128.6

10081.9

-826.0

88.6

-4.0

78.2

70.9

77.3

6.4

6.2

3.4

 

T-1812

6128.6

10081.8

-826.2

89.6

-11.8

84.2

60.0

61.0

1.0

1.0

1.4

 

 

 

 

 

 

 

 

69.0

70.0

1.0

1.0

5.6

 

 

 

 

 

 

 

 

78.5

82.0

3.5

3.5

6.2

 

 

 

 

 

 

 

Including

79.5

80.5

1.0

1.0

13.1

 

T-1813

6128.6

10081.6

-826.6

89.7

-25.9

90.3

59.6

60.8

1.2

1.2

2.9

 

 

 

 

 

 

 

 

74.0

83.1

9.1

8.8

2.0

 

T-1814

6128.6

10081.6

-826.9

90.9

-34.5

92.8

61.2

65.6

4.3

4.1

5.0

 

 

 

 

 

 

 

 

76.8

78.9

2.1

2.0

3.5

 

 

 

 

 

 

 

 

83.6

86.0

2.4

2.3

1.8

 

T-1815

6127.5

10082.1

-825.7

98.1

1.1

93.2

69.2

88.0

18.8

18.0

2.4

 

 

 

 

 

 

 

Including

76.0

77.0

1.0

1.0

6.2

 

T-1816

6127.6

10082.1

-826.3

96.2

-12.8

87.2

77.4

79.2

1.8

1.8

1.4

 

T-1817

6127.6

10081.8

-826.9

99.5

-31.4

90.2

53.8

60.9

7.1

6.8

1.3

 

T-1818

6127.6

10082.0

-827.2

101.6

-45.7

93.0

67.2

73.2

6.0

5.1

6.9

 

 

 

 

 

 

 

 

84.5

87.5

3.0

2.6

2.5

 

T-1819

6123.8

10083.1

-826.9

105.3

-32.8

87.1

55.0

56.1

1.1

1.0

1.4

 

 

 

 

 

 

 

 

60.0

63.0

3.0

2.8

2.2

 

T-1820

6124.0

10083.0

-827.0

107.6

-40.1

87.2

64.9

69.3

4.4

3.9

12.6

10.7

 

 

 

 

 

 

Including

66.0

67.0

1.0

0.9

28.6

20.0

 

 

 

 

 

 

 

78.7

80.7

2.0

1.8

3.1

 

T-1821

6123.9

10082.9

-825.8

112.0

-1.2

89.9

77.9

80.7

2.9

2.6

15.1

11.9

 

 

 

 

 

 

 

88.7

89.9

1.2

1.1

2.9

 

 

 

Hole ID

Northing

Easting

Elevation

Azimuth
(°)

Dip
(°)

Length
(m)

From
(m)

To
(m)

Downhole
length (m)

True Width (m)

Au
(g/t) uncapped

Au
(g/t) capped*

T-1822

6123.8

10083.0

-827.2

119.1

-41.3

95.4

68.1

73.8

5.7

4.6

10.0

 

T-1823

6123.8

10083.1

-827.1

121.2

-35.2

84.8

67.6

74.0

6.4

5.3

18.9

13.4

 

 

 

 

 

 

Including

69.8

71.0

1.2

1.0

58.9

20.0

T-1824

6062.0

10108.2

-835.5

49.3

-31.5

74.8

43.4

48.6

5.2

3.5

4.4

 

 

 

 

 

 

 

 

61.2

65.5

4.3

2.8

4.8

 

T-1825

6052.7

10109.9

-835.5

58.4

-52.1

49.6

39.6

41.6

2.1

1.3

3.5

 

T-1826

6130.8

10080.7

-827.2

48.3

2.5

93.2

40.4

40.8

0.4

0.3

4.2

 

Note: Coordinates are in local Mine Grid. A lower cut-off of 1.0 g/tonne Au has been used for all intervals. *Assay results capped at 20 g/t gold (Based on the geostatistical analysis and the recorded production data from the mine).

 

Drilling technical

 

All underground drilling has been carried out by Comadev Oy, using BQTK tubes, resulting in core of 40.7 mm in diameter. Drill hole locations, start azimuths and -dips have been surveyed by using mine survey equipment. Downhole survey of bearing and dip deviations have been done by using Reflex Gyro survey tool. All core has been oriented with Reflex ACT equipment.

 

Assay and QA/QC procedures

 

The drill cores have been logged by Endomines own personnel. The preparation and assaying of the underground drillings core samples have been carried out at Endomines laboratory in Pampalo, Finland or at the CRS Minlab Oy in Kempele, Finland. The sample procedure used at the laboratory was MPC’s PAL1000 PULVERISE AND LEACH machine with AAS finishing. The used sample size was 500 g of crushed core.

 

Normal QA/QC (Quality Assurance/Quality Control) procedures have been adhered to on all the samples, with standards, blanks and duplicates routinely submitted as part of the sampling program. The quality of sample preparation, security integrity and chemical assays was equal to, or exceeded, current industrial standards and the requirements of the JORC-code.

 

 

 

Competent Person

 

This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person in compliance with the Fennoscandian Association for Metals and Mining Professionals, FAMMP, –standards. Jani Rautio is a full-time employee of Endomines and owns 2 000 shares in Endomines.

 

 

 

 

 

Endomines Finland Plc

 

 

 

 

For further information, please contact:

Kari Vyhtinen, CEO, kari.vyhtinen@endomines.com, +358 40 585 0050

Jani Rautio, Head Geologist, jani.rautio@endomines.com, +358 50 593 0812

 

 

 

 

 

 

 

 

 

 

 

 

 

About Endomines

Endomines is a mining and exploration company with its primary focus on gold. Endomines is engaged in mining operations at the Pampalo mine in Ilomantsi, and in exploration activities along the Karelian Gold Line in Eastern Finland. Endomines also owns rights to several gold deposits in Idaho and Montana, US, where Endomines aims to continue the development work through partnership agreements. The shares trade on Nasdaq Helsinki (PAMPALO). www.endomines.com

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