Feb 18 2014
Endomines reports the results of the exploration drilling programme which has been completed at the Pampalo Gold mine mining concession area in 2013, in Ilomantsi municipality, in Eastern Finland.
The results include robust and encouraging intersections of gold bearing zones from the area north of the Pampalo open pits (P-299 31,6 m @2,6 g/t gold, P-306 11,0 m @2,4 g/t gold, P-312 10,0 m @2,3 g/t gold, P-319 8,7 m @ 3,1 g/t gold and P-322 6 m @4,1 g/t gold).
The mineral rights of the Pampalo mining area are fully owned by the Company.
The drillings have identified two previously unknown lode structures with significant grades. The eastern mineralisation is called the Lietoja-zone and the western mineralisation is called the D-zone. These new discoveries are the result of detailed drilling, structural investigation and surface mapping and do establish a new structural/gold-mineralisation model for the broader area of Pampalo. The results of the drillings together with images of the preliminary interpretation are published on the Company’s website.
The upper part of the Lietoja zone is located within the planned Pampalo East pit. The mineralization continues at least 120 m down dip. The D zone continues at least 80 m down dip. At the Pampalo mine mine the gold occurs within three zones that have been investigated by means of detailed diamond drilling down to approximately 550 m depth. Exploration drilling further down indicates that the mineralization continues to at least 700 m depth.
Results include all assays received until the 31st of January 2014. Totally 1,916 meters, 994 samples have been drilled and so far results from 558 samples have been received.
"These results are in accordance with what we have been expecting. We have been quite confident that there are more gold mineralisations in the Pampalo area that will strengthen the future development of the operations. The recently established structural model may yield additional resources and reserves at Pampalo and prolong the life expectancy of the mine", comments Markus Ekberg, CEO of Endomines.
Assay results and technical parameters of all presented holes can be found on Endomines website, http://endomines.com/index.php/karelian-gold-line/exploration-2013/drilling-results-pampalo-17-february-2014
Source: http://www.endomines.com