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Endomines AB
Summary
| Project: | Pampalo | |
|---|---|---|
| Deposit: | Pampalo | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 12/28/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-12-2017: Endomines AB announces a Resource Estimation report for its Pampalo deposit at the Pampalo project. Updated Mineral Resource and Ore reserve at Pampalo. Endomines announces its updated ore reserves and mineral resources estimates. The estimate | |
| Resources: | (Reserve, P+P): 255.513Kt @ 2.6g/t Au for 21.47Koz contained at Pompalo | |
| CP/QP: | [Overall Report]: Jani Rautio (Internal) | |
| ABSTRACT: | Endomines announces 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 status as of 30 November 2017. In the Pampalo underground mine, reserves as at 30 November 2017 were 223,215t. This represents an increase of 63,215t since the year-end 2016, despite 161,080t of reserves having been mined out during the current year. The presented resources and reserves data includes results from the underground drilling campaign carried out in 2017 and targeting areas below the current production levels in Pampalo. Due to the focus of the drilling in the Pampalo deep extension, the resources increased mainly in areas below the current production levels, and there are no notable changes in the resources of other deposits. . In total, approximately 15,900m were drilled in 2017. This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person in compliance with Fennoscandian Review Board –standards. Jani Rautio is a full-time employee of Endomines. | |
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