18.11.2021

Endomines reports further very encouraging drill results from the Pampalo Deep Project

(46-2021) ENG Pampalo drill results 2021

Endomines reports further very encouraging drill results from the Pampalo Deep Project

 

Endomines AB, stock exchange release 18 November 2021 at 12:00 CET

 

Endomines is pleased to report further very encouraging drill results from the 2021 underground drilling program at the Pampalo Gold Mine in Finland. The underground drilling program is a part of the mine re-opening and deepening project that started in February 2021.

 

The underground drilling program was completed in late October. The infill program consisted of eighty-six (86) diamond drill holes for a total of 6 852 meters. The drill holes were targeted at the planned production area between the 755 and 855 mine levels. All the assay results have now been received. Since the last drill result reporting date August 18th, the company has received assay results from forty-seven (47) underground drill holes, total 4 005 meters.

 

Highlighted drill results include:

 

  • T-1667 intersected 2.0 meters at 164.3 g/t gold (10.9 g/t when capped at 20 g/t), including 1.0 meters at 326.8 g/t gold
  • T-1691 intersected 4.0 meters at 40.1 g/t gold (10.7 g/t when capped at 20 g/t), including 1.1 meters at 63.0 g/t gold and  0.9 meters at 98.4 g/t gold
  • T-1703 intersected 7.2 meters at 20.5 g/t gold (8.9 g/t when capped at 20 g/t), including 0.9 meters at 66.3 g/t gold and 1.0 meters at 63.6 g/t gold
  • T-1704 intersected 4.0 meters at 17.7 g/t gold (7.9 g/t when capped at 20 g/t), including 1.0 meters at 59.2 g/t gold
  • T-1624 intersected 1.6 meters at 34.5 g/t gold (13.6 g/t when capped at 20 g/t), including 1.0 meters at 53.5 g/t gold

 

The new results reported here continue to support the company's view on the deep extensions of the ore lenses at Pampalo and confirm the grades and widths used in the mine planning studies. A new resource estimate update, including all the new results, will be prepared immediately and the mine plan will be updated accordingly.

 

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

 

Table 1 - Diamond core drilling results 2021 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-1624

5838.7

10101.0

-746.0

48.0

-52.6

81.0

64.0

65.0

1.0

0.5

3.2

 

 

 

 

 

 

 

 

67.0

68.0

1.0

0.5

3.5

 

 

 

 

 

 

 

 

72.7

74.3

1.6

0.9

34.5

13.6

 

 

 

 

 

including

72.7

73.7

1.0

0.5

53.5

20.0

T-1647

5908.2

10106.9

-754.9

135.5

-40.3

75.4

43.0

47.9

4.9

3.3

2.3

 

 

 

 

 

 

 

 

50.0

54.1

4.1

2.8

1.6

 

 

 

 

 

 

 

 

55.0

56.0

1.0

0.7

1.7

 

T-1648

5908.2

10106.8

-755.2

138.5

-50.4

75.3

46.3

51.0

4.7

2.8

1.8

 

 

 

 

 

 

 

 

56.1

62.9

6.8

4.0

6.0

6.0

 

 

 

 

 

including

59.0

60.0

1.1

0.6

20.3

20.0

T-1649

5908.6

10106.9

-755.5

142.2

-54.3

78.0

54.1

55.6

1.5

0.8

1.8

 

 

 

 

 

 

 

 

58.0

59.9

1.9

1.0

1.2

 

 

 

 

 

 

 

 

65.0

67.4

2.4

1.3

2.1

 

T-1651

5908.5

10107.0

-755.3

125.5

-52.5

70.5

42.0

43.0

1.0

0.7

1.3

 

 

 

 

 

 

 

 

45.9

48.4

2.5

1.7

3.8

 

 

 

 

 

 

 

 

50.0

55.6

5.6

3.8

2.6

 

T-1652

5908.6

10106.8

-755.5

126.1

-53.1

72.7

57.5

59.6

2.1

1.4

4.7

 

T-1653

5908.6

10106.9

-755.5

131.0

-61.5

74.9

44.0

45.0

1.0

0.6

7.1

 

 

 

 

 

 

 

 

57.8

58.8

1.0

0.6

1.5

 

 

 

 

 

 

 

 

65.4

68.7

3.3

1.8

6.1

 

 

 

 

 

 

including

65.4

66.3

1.0

0.5

15.6

 

T-1655

5908.6

10107.1

-755.3

111.1

-54.6

71.7

41.9

42.9

1.0

0.7

3.5

 

 

 

 

 

 

 

 

44.6

45.4

0.8

0.6

17.8

 

 

 

 

 

 

 

 

47.0

54.4

7.4

5.4

5.4

4.0

 

 

 

 

 

including

48.0

48.4

0.4

0.3

46.1

20.0

T-1656

5908.4

10107.4

-754.0

111.2

-65.0

75.9

48.0

49.0

1.0

0.6

1.7

 

 

 

 

 

 

 

 

56.0

59.7

3.7

2.3

7.8

7.7

 

 

 

 

 

including

58.9

59.7

0.8

0.5

20.5

20.0

T-1659

5920.3

10107.1

-755.1

105.4

-39.2

57.2

11.5

13.5

2.0

1.8

4.3

 

 

 

 

 

 

 

 

19.5

20.5

1.0

0.9

1.5

 

 

 

 

 

 

 

 

33.0

34.4

1.4

1.2

1.7

 

 

 

 

 

 

 

 

48.0

49.5

1.5

1.3

21.4

20.0

T-1663

5920.4

10107.1

-755.3

92.0

-54.9

62.6

42.2

45.1

2.9

2.2

2.5

 

 

 

 

 

 

 

 

45.8

52.6

6.8

5.2

3.4

 

 

 

 

 

 

 

 

52.9

55.4

2.3

1.7

1.4

 

 

 

 

 

 

 

 

56.0

59.0

3.0

2.3

2.3

 

T-1666

5920.7

10107.2

-755.1

73.9

-48.2

62.0

41.8

42.9

1.1

0.8

1.1

 

 

 

 

 

 

 

 

45.0

46.0

1.0

0.8

1.9

 

 

 

 

 

 

 

 

49.8

54.2

4.4

3.4

4.6

 

 

 

 

 

 

 

 

59.1

60.3

1.2

0.9

48.7

12.4

 

 

 

 

 

including

59.1

59.8

0.7

0.5

82.1

20.0

   

Table 1 continued. Diamond core drilling results 2021 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-1667

5920.6

10107.1

-755.3

67.4

-58.0

65.9

45.1

53.6

8.6

5.5

16.1

10.0

 

 

 

 

 

including

47.5

48.6

1.1

0.7

60.9

20.0

 

 

 

 

 

 

 

58.5

60.5

2.0

1.3

164.3

10.9

 

 

 

 

 

including

59.5

60.5

1.0

0.6

326.8

20.0

T-1673

5941.5

10122.4

-754.7

78.3

-47.6

47.8

29.7

34.3

4.7

3.8

11.5

6.2

 

 

 

 

 

including

29.7

30.8

1.1

0.9

42.3

20.0

T-1674

5941.4

10122.1

-754.7

74.5

-59.5

56.8

21.0

22.0

1.0

0.7

1.8

 

 

 

 

 

 

 

 

29.4

34.9

5.6

3.7

1.9

 

 

 

 

 

 

 

 

38.9

41.1

2.2

1.4

15.8

15.3

 

 

 

 

 

 

 

51.0

52.0

1.0

0.6

4.8

 

T-1678

5977.4

10085.8

-725.0

95.4

-60.4

118.0

97.9

101.8

3.9

2.7

2.0

 

 

 

 

 

 

 

 

106.0

107.0

1.0

0.7

4.1

 

 

 

 

 

 

 

 

110.3

110.7

0.4

0.3

11.0

 

 

 

 

 

 

 

 

113.6

114.7

1.1

0.8

2.5

 

T-1679

5974.2

10086.0

-725.1

104.4

-55.3

113.8

98.0

101.9

3.9

2.9

3.7

 

 

 

 

 

 

including

99.6

100.4

0.8

0.6

9.9

 

T-1680

6015.4

10120.6

-770.4

62.4

7.9

84.5

0.0

4.0

4.0

3.6

2.3

 

 

 

 

 

 

 

 

35.4

36.5

1.1

1.0

1.4

 

 

 

 

 

 

 

 

51.1

54.4

3.3

3.0

9.4

7.7

 

 

 

 

 

including

53.3

54.4

1.1

1.0

25.0

20.0

 

 

 

 

 

 

 

69.0

70.1

1.1

1.0

3.7

 

 

 

 

 

 

 

 

74.4

81.9

7.5

6.7

3.5

 

T-1681

6015.3

10120.4

-771.1

60.0

-16.5

81.5

39.2

42.2

3.0

2.9

3.4

 

 

 

 

 

 

 

 

53.4

54.2

0.9

0.8

3.1

 

 

 

 

 

 

 

 

58.0

61.4

3.4

3.2

5.9

 

 

 

 

 

 

 

 

63.0

63.8

0.8

0.8

2.1

 

 

 

 

 

 

 

 

65.2

68.0

2.8

2.8

1.2

 

 

 

 

 

 

 

 

74.0

75.0

1.0

1.0

3.6

 

 

 

 

 

 

 

 

77.0

78.0

1.0

1.0

1.1

 

T-1682

6015.3

10120.3

-771.3

62.6

-23.8

75.1

63.5

65.0

1.5

1.4

2.5

 

 

 

 

 

 

 

 

74.5

75.1

0.6

0.6

1.9

 

T-1683

6015.0

10120.8

-770.5

70.1

5.1

84.4

30.4

31.5

1.1

1.0

1.1

 

 

 

 

 

 

 

 

41.0

43.9

2.9

2.7

2.6

 

 

 

 

 

 

 

 

48.0

50.1

2.1

2.0

1.2

 

 

 

 

 

 

 

 

52.7

56.0

3.3

3.1

3.6

 

 

 

 

 

 

 

 

62.0

63.0

1.0

0.9

2.2

 

 

 

 

 

 

 

 

75.8

82.6

6.8

6.4

5.4

 

T-1684

6015.0

10120.7

-770.7

71.8

-0.3

84.5

0.0

3.0

3.0

2.9

4.7

 

 

 

 

 

 

 

 

6.0

7.0

1.0

1.0

2.5

 

 

 

 

 

 

 

 

38.6

39.4

0.8

0.8

2.0

 

 

 

 

 

 

 

 

58.4

64.0

5.6

5.4

1.8

 

 

 

 

 

 

 

 

66.9

71.0

4.1

4.0

3.7

 

 

 

 

 

 

 

 

75.4

81.2

5.8

5.6

2.5

 

   

Table 1 continued. Diamond core drilling results 2021 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-1685

6015.0

10120.8

-770.9

71.6

-8.1

83

49.0

50.0

1.0

1.0

2.3

 

 

 

 

 

 

 

 

55.5

59.1

3.6

3.6

2.1

 

 

 

 

 

 

 

 

61.2

63.0

1.8

1.8

1.1

 

 

 

 

 

 

 

 

70.0

75.0

5.0

5.0

2.0

 

 

 

 

 

 

 

 

76.0

78.0

2.0

2.0

1.4

 

T-1686

6015.0

10120.7

-771.1

72.1

-17.0

78.7

31.0

32.0

1.0

1.0

1.4

 

 

 

 

 

 

 

 

67.4

68.4

1.0

1.0

1.3

 

 

 

 

 

 

 

 

77.1

78.0

1.0

0.9

1.3

 

T-1687

6014.5

10121.0

-770.7

78.5

-3.9

75.5

8.0

9.0

1.0

1.0

13.5

 

 

 

 

 

 

 

 

57.9

61.0

3.1

3.0

1.4

 

 

 

 

 

 

 

 

66.2

73.1

6.9

6.8

2.5

 

T-1688

6014.5

10120.9

-770.9

79.0

-8.0

72.5

6.0

7.0

1.0

1.0

17.1

 

 

 

 

 

 

 

 

38.8

39.5

0.7

0.7

1.8

 

 

 

 

 

 

 

 

64.0

67.0

3.0

3.0

1.2

 

T-1689

6038.7

10103.9

-771.0

37.0

-19.4

108.5

89.6

91.7

2.1

1.6

2.2

 

 

 

 

 

 

 

 

95.1

96.6

1.5

1.1

4.6

 

T-1690

6038.7

10103.9

-771.0

50.6

-12.8

99.6

84.4

88.8

4.3

4.0

4.7

 

 

 

 

 

 

including

87.8

88.8

1.0

0.9

14.2

 

 

 

 

 

 

 

 

95.6

96.6

1.0

0.9

1.1

 

T-1691

6038.7

10103.9

-771.1

43.8

-19.5

99.6

72.0

73.0

1.0

0.9

1.8

 

 

 

 

 

 

 

 

76.0

80.0

4.0

3.4

40.1

10.7

 

 

 

 

 

including

76.0

77.1

1.1

0.9

63.0

20.0

 

 

 

 

 

including

77.1

78.0

0.9

0.8

98.4

20.0

 

 

 

 

 

 

 

87.0

88.4

1.3

1.2

4.1

 

 

 

 

 

 

 

 

91.4

94.0

2.6

2.2

2.3

 

 

 

 

 

 

 

 

94.4

97.7

3.3

2.8

3.2

 

T-1692

6038.9

10104.0

-770.8

49.7

-6.5

93.6

78.7

82.8

4.1

3.6

6.5

 

 

 

 

 

 

 

 

90.6

91.6

1.0

0.9

1.2

 

T-1693

6038.9

10104.0

-771.0

44.9

-12.4

99.8

82.0

83.0

1.0

0.9

1.6

 

 

 

 

 

 

 

 

84.7

87.6

2.9

2.5

1.3

 

T-1694

6038.8

10103.9

-771.2

50.6

-18.0

103

59.0

60.0

1.0

0.9

3.2

 

 

 

 

 

 

 

 

63.4

64.3

0.9

0.9

1.9

 

 

 

 

 

 

 

 

83.3

84.7

1.5

1.3

21.0

14.1

 

 

 

 

 

 

 

89.6

97.7

8.2

7.4

3.6

 

 

 

 

 

 

including

93.6

94.7

1.1

1.0

11.9

 

T-1695

6038.7

10103.8

-771.3

50.5

-22.7

102.5

56.3

57.9

1.6

1.4

1.7

 

 

 

 

 

 

 

 

95.6

99.4

3.8

3.4

9.9

8.6

 

 

 

 

 

including

96.5

97.4

0.9

0.8

25.2

20.0

T-1696

6017.6

10101.6

-770.8

49.5

-0.9

102.7

81.4

83.6

2.3

2.0

1.5

 

 

 

 

 

 

 

 

92.3

97.3

5.1

4.4

4.7

 

T-1697

6037.3

10106.1

-771.1

56.7

-15.2

97.9

80.0

81.0

1.0

0.9

2.1

 

 

 

 

 

 

 

 

87.0

90.0

3.0

2.8

3.0

 

 

 

 

 

 

 

 

92.0

94.0

2.0

1.9

2.3

 

   

Table 1 continued. Diamond core drilling results 2021 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-1698

6037.3

10106.1

-771.7

61.0

-28.3

95.7

50.0

50.8

0.8

0.8

3.7

 

 

 

 

 

 

 

 

54.6

56.6

2.0

1.9

2.7

 

 

 

 

 

 

 

 

58.6

59.6

1.0

0.9

2.1

 

 

 

 

 

 

 

 

78.0

82.6

4.6

4.3

6.3

5.1

 

 

 

 

 

including

79.0

79.8

0.8

0.8

26.8

20.0

 

 

 

 

 

 

 

88.0

90.5

2.5

2.4

6.5

 

T-1699

6017.5

10101.7

-770.7

54.7

4.8

105.6

57.5

62.0

4.6

4.0

2.9

 

 

 

 

 

 

 

 

65.0

67.5

2.5

2.2

1.9

 

 

 

 

 

 

 

 

76.8

79.1

2.3

2.1

1.1

 

 

 

 

 

 

 

 

81.2

86.2

5.1

4.5

5.7

 

 

 

 

 

 

including

83.4

84.3

0.8

0.8

15.5

 

 

 

 

 

 

 

 

91.1

94.5

3.4

3.0

4.5

 

T-1700

6036.6

10105.9

-770.7

62.6

-3.6

90.3

72.5

73.5

1.0

1.0

2.6

 

 

 

 

 

 

 

 

79.9

86.0

6.1

5.8

4.9

 

T-1701

6036.7

10106.0

-770.9

63.5

-10.1

90.4

63.6

65.2

1.6

1.5

6.7

 

 

 

 

 

 

 

 

83.6

87.1

3.5

3.4

2.6

 

T-1702

6036.7

10106.0

-771.1

62.1

-16.2

94.4

46.6

47.5

1.0

0.9

1.3

 

 

 

 

 

 

 

 

58.7

59.8

1.2

1.1

2.4

 

 

 

 

 

 

 

 

64.0

65.0

1.0

1.0

2.5

 

 

 

 

 

 

 

 

67.0

68.7

1.7

1.6

2.2

 

 

 

 

 

 

 

 

72.7

74.8

2.1

2.0

4.7

 

 

 

 

 

 

 

 

79.0

80.0

1.0

1.0

1.3

 

 

 

 

 

 

 

 

86.9

90.4

3.5

3.4

7.9

 

 

 

 

 

 

 

 

54.1

54.6

0.5

0.5

3.5

 

T-1703

6036.0

10105.6

-771.1

69.2

-17.9

92.3

60.0

61.9

1.9

1.8

2.9

 

 

 

 

 

 

 

 

77.4

84.5

7.2

7.1

20.5

8.9

 

 

 

 

 

including

80.2

81.0

0.8

0.8

66.3

20.0

 

 

 

 

 

including

82.0

83.0

1.0

1.0

63.6

20.0

 

 

 

 

 

 

 

51.9

54.0

2.1

2.1

2.8

 

T-1704

6036.1

10105.7

-771.3

68.2

-24.0

93.2

70.7

73.3

2.6

2.6

1.2

 

 

 

 

 

 

 

 

75.0

79.0

4.0

3.9

17.7

7.9

 

 

 

 

 

including

75.0

76.0

1.0

1.0

59.2

20.0

 

 

 

 

 

 

 

83.1

85.9

2.8

2.7

3.4

 

 

 

 

 

 

 

 

55.0

56.0

1.0

0.9

3.9

 

T-1705

6035.5

10105.4

-770.3

75.2

3.4

93.5

81.9

86.9

5.1

4.8

2.7

 

 

 

 

 

 

 

 

91.7

92.7

1.0

0.9

1.5

 

 

 

 

 

 

 

 

45.0

46.0

1.0

1.0

52.9

20.0

T-1706

6035.5

10105.3

-770.5

74.3

-0.4

90.4

47.6

48.6

1.0

1.0

5.2

 

 

 

 

 

 

 

 

82.8

89.4

6.6

6.4

2.6

 

 

 

 

 

 

 

 

55.5

56.5

1.0

1.0

3.4

 

   

Table 1 continued. Diamond core drilling results 2021 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-1707

6035.5

10105.4

-770.7

75.6

-7.9

90.5

81.8

87.2

5.4

5.4

6.4

6.1

 

 

 

 

 

including

86.5

87.2

0.7

0.7

22.4

20.0

 

 

 

 

 

 

 

50.9

52.0

1.1

1.1

4.2

 

T-1708

6035.5

10105.4

-770.9

75.6

-14.3

90.4

55.0

57.0

2.0

2.0

17.9

10.6

 

 

 

 

 

including

55.0

56.0

1.0

1.0

34.5

20.0

 

 

 

 

 

 

 

71.5

72.5

1.0

1.0

1.2

 

 

 

 

 

 

 

 

84.6

86.6

2.1

2.0

1.4

 

 

 

 

 

 

 

 

47.5

48.9

1.4

1.3

2.8

 

T-1709

6035.6

10105.5

-771.6

74.7

-32.7

87.3

60.0

61.0

1.0

1.0

1.4

 

 

 

 

 

 

 

 

71.1

74.5

3.4

3.2

2.6

 

 

 

 

 

 

 

 

84.3

86.3

2.0

1.9

1.2

 

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 2018 mineral resource estimate for Pampalo Deep).

 

Background

 

The Pampalo Gold Mine is located 45 kilometers northeast of the municipality of Ilomantsi in Eastern Finland. The Pampalo mine has been in production between 1996 and 1999 by Outokumpu Mining Oy and by Endomines between 2011 and 2018. The mine has produced 180 000 ounces (5 600 kg) of gold at an average grade of 3.6 g/t.

 

Pampalo is an orogenic gold deposit located within the Archean Ilomantsi greenstone belt. The deposit is characterized by a series of sub-vertical, flattened,parallel pipes, plunging to the northeast and parallel to the local foliation and fold axis, implying a strong structural control of the mineralization. The mineralization is hosted by an intermediate pyroclastic unit, metamorphosed to greenschist – lower-amphibolite facies.

 

Drilling technical

 

All underground drilling has been carried out by Comadev Oy, using BQTK tubes, resulting in core of 40.7mm 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.

 

For further information, please contact:

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

Jani Rautio, Head of Geology, Finland, jani.rautio@endomines.com, +358 50 593 0812

 

The information was submitted for publication, through the agency of the contact persons set out above, at 12:00 CET on 18 November 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. 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).