Last kr2.03 SEK
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Volume 33.5K
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endomines ab (ENDO) Snapshot

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05/2/13 - kr6.40
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endomines ab (ENDO) Details

Endomines AB (publ), together with its subsidiaries, is engaged in the mining, exploration, development, and production of gold deposits in Finland. It holds interests in the Pampalo gold mine, which is located in the Karelian Gold Line in eastern Finland; the Porkonen deposit that is located to the east of Kittilä town; and the Kivimaa deposit, which is located to the southwest of the town of Rovaniemi. The company also holds interest in the ilmenite deposits, which are located in the Kälviä area in central Ostrobothnia. Endomines AB (publ) is based in Stockholm, Sweden.

endomines ab (ENDO) Top Compensated Officers

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endomines ab (ENDO) Key Developments

Endomines AB (publ) Reports Production Results for its Pampalo Operations in Eastern Finland for the First Quarter of 2014

Endomines AB (publ) reported production results for its Pampalo Operations in Eastern Finland for the first quarter of 2014. The mine produced 176 kg or 5,659oz of gold during the first quarter. The milled ore tonnage exceeded for the first time 100,000 tonnes during the quarter, which again shows that the processing plant is of high technical quality. The capacity utilization rate in the mill was good and amounted to 94.6%. The gold production for the first quarter amounted to 176 kg, slightly below target due to a lower than expected gold grade and with that a lower gold recovery.

Endomines AB Announces Redundancy of Jaakko Liikanen as Chief Technical Officer with Effective March 24, 2014

Endomines AB (publ) announced that in light of the decision by the Board to refocus the company's exploration activities to the Pampalo mine site and its immediate surroundings in addition to other decided cost cutting measures, the company's management announced that Jaakko Liikanen, Chief Technical Officer of the company will be made redundant as of March 24, 2014. The layoff is indefinite and he may be called in for full or part-time service on short notice.

Endomines AB (publ) Reports Results of the Exploration Drilling Programme at the Pampalo Gold Mine Mining Concession Area

Endomines AB (publ) reported the results of the exploration drilling programme which has been completed at the Pampalo Gold mine mining concession area in 2013, in Ilomantsi municipality, in Eastern Finland. The results include robust and encouraging intersections of gold bearing zones from the area north of the Pampalo open pits (P-299 31,6 m at the rate of 2,6 g/t gold, P-306 11,0 m at the rate of 2,4 g/t gold, P-312 10,0 m at the rate of 2,3 g/t gold, P-319 8,7 m at the rate of 3,1 g/t gold and P-322 6 m at the rate of 4,1 g/t gold). The drillings have identified two previously unknown lode structures with significant grades. The eastern mineralisation is called the Lietoja-zone and the western mineralisation is called the D-zone. These new discoveries are the result of detailed drilling, structural investigation and surface mapping and do establish a new structural/gold-mineralisation model for the broader area of Pampalo. The upper part of the Lietoja zone is located within the planned Pampalo East pit. The mineralization continues at least 120 m down dip. The D zone continues at least 80 m down dip. At the Pampalo mine mine the gold occurs within three zones that have been investigated by means of detailed diamond drilling down to approximately 550 m depth. Exploration drilling further down indicates that the mineralization continues to at least 700 m depth. The Pampalo deposit is located in the central part of the Karelian Gold Line, 5 km north of the village Hattuvaara. The Pampalo mineralization consists of three parallel auriferous lodes. They have been explored in detail by core drilling down to approximately 550 meters depth. Deep drilling indicates that the gold mineralization continues at least down to 700 meters depth.


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