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 Deposits
Endomines’ gold projects along the Karelian Gold Line in Ilomantsi and in the Porkonen and Kivimaa areas in Finnish Lapland.
Description of Gold Deposits
Endomines Oy operates in three different geographical and geological environments:
along the Karelian Gold Line in eastern Finland, in the area Porkonen in the municipality of Kittilä
and in the Kivimaa area in the municipality of Tervola.
The Karelian Gold Line mineralisations are of Archaean age meaning that they were formed more than 2 500 million years ago. Usually gold is found as individual grains or together with sulphides, oxides or tellurides in quartz veins, breccias or shear zones. These orogenic mineralisations are considered to be formed so that gold has leached out from the surrounding bedrock during intensive shearing and precipitate again in structural traps doe to the changes in the pressure
and temperature. The Porkonen deposit is a banded iron formation of early Proterozoisk age. The Kivimaa deposit in the Palaeoproterozoic Peräpohja Schist Belt, is an orogenic copper-gold deposit
Mineral Resources – Gold
| Gold deposit |
Drilling (m) |
Tonnes |
Gold grade
(g/t) |
Gold ounce
(oz) |
Cut-off
(g/t) |
Classifi-
cation |
Reporting
method |
Note |
|
| Pampalo |
57 089 |
368 000 |
6,1 |
72 000 |
1,0 |
Measured |
JORC |
1) |
| Pampalo |
673 000 |
4,7 |
101 000 |
1,0 |
Indicated |
JORC |
1) |
| Pampalo |
306 000 |
4,1 |
41 000 |
1,0 |
Inferred |
JORC |
1) |
|
| Pampalo East |
7 008 |
359 000 |
1,6 |
18 500 |
1,0 |
Indicated |
JORC |
1) |
| Pampalo East |
21 000 |
1,5 |
1 000 |
1,0 |
Inferred |
JORC |
1) |
|
| Hosko |
9 660 |
11 000 |
9,7 |
3 400 |
0,5 |
Measured |
JORC |
1) |
| Hosko |
519 000 |
3,7 |
61 600 |
0,5 |
Indicated |
JORC |
1) |
| Hosko |
547 000 |
1,8 |
31 400 |
0,5 |
Inferred |
JORC |
1) |
|
| Rämepuro |
9 929 |
162 000 |
4,3 |
23 000 |
0,5 |
Indicated |
JORC |
1) |
| Rämepuro |
61 000 |
4,1 |
8 000 |
0,5 |
Inferred |
JORC |
1) |
|
| Muurinsuo |
5 216 |
211 000 |
2,7 |
18 000 |
0,5 |
Indicated |
JORC |
1) |
| Muurinsuo |
786 000 |
1,5 |
37 000 |
0,5 |
Inferred |
JORC |
1) |
|
| Kuivisto East |
|
36 586 |
3,2 |
3 741 |
0,5 |
Indicated |
JORC |
2) |
| Kuivisto East |
3 319 |
145 202 |
1,0 |
4 809 |
0,5 |
Inferred |
JORC |
2) |
|
| Kuittila |
2 727 |
275 000 |
2,6 |
22 811 |
|
Inferred |
Historical |
3) |
|
1) Estimated by Runge Limited, Australia
2) Estimated by Maptek KRJA Systems Limited
3) Estimated by Geological Survey of Finland
Ore reserves - Gold
Table. Ore Reserves in Pampalo, Hosko, Rämepuro, Muurinsuo and Pampalo East by May 2009 (JORC - Code 2004).
| Gold deposit |
Classification |
Tonnes |
Gold grade
(g/t) |
Gold
(oz)6) |
Gold
(kg) |
Reporting
Code |
Consultant |
|
| Pampalo |
Proven |
285 000 |
5,6 |
51 587 |
1605 |
JORC |
GEMELL1,3 |
| Pampalo |
Probable |
541 000 |
4,1 |
70 617 |
2196 |
JORC |
GEMELL1,3 |
|
| Stockpile |
Probable |
22 000 |
4,0 |
2 829 |
88 |
JORC |
WAI5 |
|
| Rämepuro |
Probable |
134 214 |
3,9 |
16 699 |
519 |
JORC |
MAPTEK 1,2 |
|
| Hosko |
Proven |
13 041 |
8,5 |
3 547 |
110 |
JORC |
MAPTEK 1,2 |
| Hosko |
Probable |
115 713 |
10,0 |
37 239 |
1158 |
JORC |
MAPTEK 1,2 |
|
| Muurinsuo |
Probable |
66 971 |
3,0 |
6 438 |
200 |
JORC |
MAPTEK 1,4 |
|
| Pampalo East |
Probable |
200 160 |
1,5 |
9 524 |
296 |
JORC |
MAPTEK 1,4 |
|
| Total |
Proven +
Probable |
1 378 099 |
|
198 480 |
6 174 |
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1)Used gold price 720 USD/oz
2)Cut-off: 0,5 g/t; 5% Ore loss & 15% dilution
3) Cut-off: 2,5 g/t. Ore losses: drifting 0 %, stoping 5 % and stoping nearby talc chlorite rock 40 %
4)Cut-off: 1,0 g/t; 5% Ore loss & 15% dilution
5)Used gold price 574 USD/oz. Cut-off: 2,5 g/t. Stock Pile top cut 10 g/t Au
6)1 oz = 31,104 g
Kalvinit’s Ilmenite Deposits
Kalvinit’s ilmenite deposits are located in Kälviä area in central Ostrobothnia. The Company owns five deposits: Koivu, Kaire, Perä, Riutta and Lyly. These are described in the section ”Kälviä”.
Kalvinit’s deposits in Kälviä. Source: Geological Survey of Finland.
Mineral Resources – Ilmenite
Ilmenite
deposit |
Cut-off
(%) |
Tonnage
(Mt) |
TiO2
(%) |
Magnetite
(%) |
TiO2
(kt) |
Magnetite
(kt) |
Classifi-
cation |
Reporting
method |
Note |
|
| Koivu |
4 |
32,16 |
7,8 |
5,0 |
2494 |
1617 |
Indicated |
JORC |
1) |
| Koivu |
4 |
29,99 |
6,7 |
4,5 |
1998 |
1358 |
Inferred |
JORC |
1) |
|
| Kaire |
4 |
6,44 |
10,0 |
9,8 |
645 |
630 |
Indicated |
JORC |
1) |
| Kaire |
4 |
0,1 |
7,3 |
7,3 |
8 |
8 |
Inferred |
JORC |
1) |
|
| Perä |
6 |
2,9 |
9,3 |
N/A |
270 |
N/A |
Inferred |
JORC |
2) |
| Perä |
8 |
2,5 |
9,6 |
N/A |
240 |
N/A |
Inferred |
JORC |
2) |
|
| Riutta |
6 |
0,8 |
8,9 |
N/A |
71 |
N/A |
Inferred |
JORC |
2) |
|
| Lyly |
N/A |
1,7 |
15,5 |
12,4 |
N/A |
N/A |
Inferred |
Historical |
3) |
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1) Estimated by Micon International Ltd, England
Kalvinit has also applied for exploration licensees for Kuovila calcite-wollastonite deposit which is one of southern Finland's largest calcite and wollastonite deposits. The historical mineral resources which are established by the Geological Survey of Finland amounted to 20.2 Mt containing 81.8% kalcit and 5.8 Mt containing 62,5 % calcite and 13% wollastonite.
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