For thousands of other reports visit RSC's Mineral Intellingence Map
Endomines AB
Summary
| Project: | Karelian Gold Line | |
|---|---|---|
| Deposit: | Karelian Gold Line | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 1/27/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-1-2017: Endomines AB announces a Resource Estimation report for its Karelian Gold Line deposit at the Karelian Gold Line project. Ore Reserve and Resource estimate update at Karelian Gold Line. Endomines is making a public announcement of its updated o | |
| Resources: | (Reserve, Total):192kt @ 2.3g/t Au for 14.283koz Au contained at project | |
| CP/QP: | [Overall Report]: Jani Rautio (Internal) | |
| ABSTRACT: | Endomines is making a public announcement of its updated ore reserves and mineral resources estimates. The estimates have been prepared according to the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (Joint Ore Reserve Committee - JORC-code). The updates have been prepared by various authors (Endomines - in house and others). The update represents the production situation as of December 31st 2016. In the Pampalo underground mine almost all the ore reserve and resource mined in 2016 has been replaced by new ore reserves and resources. The data included results from the underground drilling campaign completed in 2016. Totally some 21 000 meters were drilled during 2016. A new resource estimate has been prepared for Pampalo NW and Pampalonlammit. Although the resource estimates are relatively modest, it proves that it is still possible to find new resources near Pampalo. Hosko and Muurinsuo were removed from ore reserves because the deposits are likely uneconomic with the current gold price. Hosko and Muurinsuo remain as mineral resources. ”Pampalo total reserves and additional resources have remained almost on the same level as a year before as new resources have been discovered and resources have been converted to reserves from the Pampalo deep extension area. During the past years we have all the time been able to convert Pampalo deep resources to reserves and discover also new resources from Pampalo Deeps. This exploration history supports our view that the exploration potential of Pampalo deep extension is high and continues”, comments Markus Ekberg, CEO of Endomines AB. “We can certainly be satisfied that new resources Pampalo NW and Pampalonlammit – although modest at this stage - have been discovered and developed during the year 2016. This certainly confirms possibilities for new discoveries on the mining lease area”, continues Markus Ekberg. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report