Highlights:
- Drill hole KA-3 intersected 2.0 m @ 2.7 g/t gold, including 1.0 m @ 4.0 g/t gold
- The Kartitsa area is under-explored; the closest historical drill hole is located 4 km away, near the Hosko deposit
- More exploration drilling is planned to the area and follow-up drill holes along the strike of the discovered gold mineralized zone
" Exploration at the Karelian Gold line is a key part of our new strategy. We were expecting this area to have high exploration potential. I am very pleased to announce that this first, small campaign in Kartitsa area returned positive results. This creates a foundation for our next drilling campaign in the area which can be 5-10 times larger in size. Our plan is to perform large scale exploration drilling during years 2023-2024 and this is one of the key focus areas in our exploration planning" says CEO
The drilled holes were testing the contact zone between the Kartitsa granite intrusion and the surrounding schist belt (Figure 1). In addition to the highlighted drill intersection broad gold mineralized zones (> 0.1 g/t) were detected in drill holes. The host rocks of the mineralization are weakly foliated granite and altered felsic volcanic rock. Gold seems to be associated with disseminated pyrite and occasional pyrite stringers.
Further exploration is planned along the contact zone of the Kartitsa granite intrusion and the structure continuing northwards of the Hosko deposit. The size of the exploration target area is approximately 5 km by 5 km.
The most interesting new drill intersections from exploration drilling are presented in the figure below and complete drill results area presented in Table 1.
Figure 1 - Location of new drill holes at Kartitsa, Karelian Gold Line
Table 1 - Diamond core drilling results 2022 from Kartitsa at Karelian Gold Line,
Hole ID | Northing | Easting | Elevation | Azimuth | Dip | Length | From | To | Downhole | Au |
KA-1 | 7005809.2 | 710770.2 | 185.6 | 93.4 | -46.5 | 100.8 | 7.5 | 8.5 | 1.0 | 0.2 |
|
|
|
|
|
|
| 25.0 | 26.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 60.0 | 61.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 61.0 | 62.0 | 1.0 | 0.2 |
KA-2 | 7005810.0 | 710807.9 | 187.0 | 85.6 | -43.8 | 100.9 | 57.0 | 58.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 58.0 | 59.0 | 1.0 | 0.4 |
|
|
|
|
|
|
| 59.0 | 60.0 | 1.0 | 1.0 |
|
|
|
|
|
|
| 60.0 | 61.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 61.0 | 62.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 62.0 | 63.0 | 1.0 | 0.8 |
|
|
|
|
|
|
| 64.0 | 65.0 | 1.0 | 0.4 |
|
|
|
|
|
|
| 65.0 | 66.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 94.0 | 95.0 | 1.0 | 0.2 |
KA-3 | 7005810.1 | 710865.7 | 192.2 | 89.4 | -44.1 | 97.6 | 7.0 | 8.0 | 1.0 | 0.2 |
|
|
|
|
|
|
| 8.0 | 9.0 | 1.0 | 1.5 |
|
|
|
|
|
|
| 9.0 | 10.0 | 1.0 | 4.0 |
|
|
|
|
|
|
| 10.0 | 11.0 | 1.0 | 0.2 |
KA-4 | 7005810.1 | 710934.1 | 199.8 | 88.4 | -47.2 | 100.8 | 46.0 | 47.0 | 1.0 | 0.5 |
|
|
|
|
|
|
| 47.0 | 48.0 | 1.0 | 0.3 |
|
|
|
|
|
|
| 60.0 | 61.0 | 1.0 | 0.4 |
|
|
|
|
|
|
| 61.0 | 62.0 | 1.0 | 0.4 |
Note: A lower cut-off of 0.2 g/tonne Au has used for reporting. No upper cut-off grade was applied. True widths are not yet determined.
The exploration results presented here confirm the high exploration potential of the Karelian Gold Line and especially highlight the possibility of finding new gold mineralizations in the area.
The exploration drilling program concentrating on targets along the Karelian Gold Line was started in August. Total amount of the planned drilling is approximately 4 000m for the year 2022. The rig is currently in the Pampalo mine area drilling the possible extensions of the Pampalo East deposit. Other exploration targets in 2022 are Pampalonlammit and Rämepuro. The Korvilansuo exploration program testing several historical geochemical till anomalies and following drill intersections from 1980's and 1990's is planned for early 2023.
In Pampalo one underground drill rig is drilling infill drill holes to the area between the 815 and 875 mine levels. The drilling program consisting of 4,000 meters is progressing as planned. To date approximately 1200 meters has been drilled, and the program is expected to be finished by the end of the year. The results of the drilling program will be used in updating the resource estimate and the mine plan accordingly.
Karelian Gold Line
The Karelian Gold Line is 40-kilometer-long, a gold prospective portion of the Ilomantsi greenstone belt located in
Drilling technical
All surface drilling has been carried out by
Assay and QA/QC procedures
The drill cores have been logged by
Normal QA/QC (Quality Assurance/Quality Control) procedures have been adhered to on all the samples, with standards, blanks and duplicates routinely submitted as part of the sampling program. The quality of sample preparation, security integrity and chemical assays was equal to, or exceeded, current industrial standards and the requirements of the JORC-code.
Competent Person
This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person in compliance with the
For further information, please contact:
The information was submitted for publication, through the agency of the contact persons set out above, at 13:00CET on
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