Sep 8 2015
Endomines is pleased to report results from the ongoing exploration campaign at Pampalo Gold Mine and other Karelian Gold Line exploration targets. In total 30 new underground drill holes (2,366 m) have been drilled to the Pampalo Deep extension of North lens and new S2-lens in July and August. Assay results from 72 underground drill holes have been received and 52 of these drill holes have returned ore grade (grade x length > 8 gram metres) intersections.
The results from the North lens include among others holes T-934 [email protected] g/t gold and [email protected] g/t gold (including [email protected] g/t gold) and T-942 [email protected]/t gold. The results from the S2-lens include holes T-965 [email protected] g/t gold (including 1.0m@108 g/t gold) and T-985 [email protected] g/t gold (including [email protected] g/t gold).
The results confirm that the previously reported high grade extension of the Pampalo Northern lens continues to deeper levels. The recently discovered and reported high grade S2-lens has been further confirmed with several additional drill core intersections.
The company will continue to explore within the area once location of decline and other subsequent development drifting make it feasible. “The continued drilling campaign at Pampalo Deeps has been very successful. These new drill intersections indicate that the structure of the deposit is changing and that the overall in-situ grade is improving from 500 meter level and downwards. As all of these new discoveries are open towards the depth, we will strive to continue with our exploration project”, comments Markus Ekberg, CEO of Endomines.
All drill core results received from Pampalo Deeps by 31stAugust are published in the attached complete report as well as on the Company´s website at http://endomines.com/images/pdf/Endomines_Exploration_UpdateReport_2015_Septembe r 6.pdf.
The company’s regional exploration along the Karelian Gold line is continuing. Diamond drilling programs at Pampalo N, Pampalo NW, Rämepuro and Hosko totalling to 3,463 meters distributed in 36 holes have been completed, but the majority of the assay results are pending. About 1,600 samples have been collected with the Base-of-till sampling program and further 100 samples have been planned to be collected. First few assay results are indicating new gold anomalous areas, but the majority of the assay results are still pending.
Endomines Exploration Challenge “Karelian Gold Rush 2015” registration has been opened for everyone at http://goldrush.endomines.com. With the GIS-map service “LouhiGold” at http://louhigold.sito.fi/ everyone can look drill hole and till sampling locations on different map layers. Actual competition data will be available for download at LouhiGold for the registered individuals from November 4th.
Competent Person: Eurogeologist, MSc (Geol) Markus Ekberg acting as a Qualified Person in compliance with Fennoscandian Review Board -standards, has controlled this statement. Markus Ekberg is employed by Endomines as Chief Executive Officer and owns 180 000 shares in Endomines.
For further information, please contact: Markus Ekberg, CEO of Endomines AB, tel. +358 40 706 48 50 or visit the Company´s home page: www.endomines.com
Source: http://www.endomines.com/