Mining company Endomines has published the results of the 2024 drilling program from Pampalo’s gold mine.
The 2024 drilling program included 47 diamond holes and a total of 4,872 meters of drilling. Most of the drill levels were targeted between the mining levels 915 and 975, but also to the deeper level 1055, drilling.
All drill holes pierced gold mineralization, and in particular deeper drilling supports the mine’s long -term development views.
“The high -level results obtained confirm that gold mineralization continues deeper. In particular, the results below level 1055 show that the potential of the mine extends far below our current area of operation. Based on these results, we estimate that production may begin at this level between 2027 and 2029, ”comments the company’s CEO Kari Vyhtinen.
Endomines also reported the results of the 2024 surface drilling program on Hosko’s gold mine. Everyone drilling pierced gold mineralization and the deposit is still open in the north.
Endomines are currently preparing updated reserve estimates for Pampalo and Hosko’s gold mines, including new drilling results. The mining plans will also be updated accordingly.
According to the company, a new underground drilling program is underway in the Pampalo mine, which will target the production area between the mining levels 915 and 975. The aim is to systematically increase gold production in the coming years.
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