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Endomines Finland Plc (NASDAQ: PAMPALO) has identified two new gold-mineralized zones north of the UKKO deposit at its Ukkolanvaara project, extending the known mineralised footprint and delivering one of the strongest drill intersections reported from the deposit to date.
The standout result came from a newly discovered zone approximately 1.7km north of the UKKO main deposit, where drill hole UKKO-142 returned 31.75m at 3.06g/t gold from 21.8m, including:
- 0.85m at 7.66g/t gold
- 3.8m at 6.20g/t gold
- 0.8m at 14.20g/t gold
- 1.05m at 7.71g/t gold
- 2.0m at 8.10g/t gold
Follow-up drilling has confirmed mineralisation across a strike length of approximately 200m, while the zone remains open at depth and is considered a priority target for further exploration.
A second near-surface gold zone was identified approximately 450m north of the main deposit. Drill hole UKKO-113 returned 26.6m at 0.80g/t gold from 23.3m, including higher-grade intervals of 1.0m at 2.59g/t gold, 1.0m at 2.44g/t gold, 0.95m at 3.63g/t gold, and 0.9m at 2.72g/t gold. The company estimates the zone currently extends for around 350m along strike.
Kari Vyhtinen, CEO of Endomines, commented, “Ukkolanvaara continues to grow with each new discovery. The new result achieved in the northern area ranks among the most significant drill intersections at Ukkolanvaara to date. The gold-prospective area has now expanded to nearly 10 kilometres in length. Through systematic drilling, we are defining the boundaries of the mineralised system and building the foundation for a future mineral resource estimate and mine planning. Our objective is to commence production at Ukkolanvaara around 2030 as part of our plan to increase annual gold production to 70,000-100,000 ounces.”
Beyond the new discoveries, Endomines has continued infill and follow-up drilling aimed at defining the geometry, continuity, and extent of mineralisation ahead of a maiden mineral resource estimate.
The company also reported results from drilling between previously identified northern and southern gold zones. While most intercepts in the area returned modest grades, drill hole UKKO-128 intersected 6.25m at 1.83g/t gold, suggesting the southern extension of the main deposit may continue further west and at greater depth than originally interpreted.
Vyhtinen noted that drilling completed during the past year has significantly improved the company’s understanding of the Ukkolanvaara system, helping build a clearer picture of the project’s overall gold potential and supporting the forthcoming resource estimate.
Ukkolanvaara, discovered in 2025, remains Endomines’ primary exploration focus. During 2026, the company completed 132 drill holes for 30,296.2m, with visible gold observed in 62 holes. Drilling remains ongoing, and Endomines is targeting publication of a maiden mineral resource estimate for the project in the first half of 2027.
The company ultimately aims to bring Ukkolanvaara into production around 2030 as part of a broader strategy to increase annual gold output to between 70,000oz and 100,000oz.
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