Endomines Finland Plc is preparing a financing arrangement for the expansion of explorations in the Southern Gold Line
Endomines Finland Plc – Stock Exchange Release – 7/3/2024, at 19.00 EET.
Endomines Finland Plc is preparing a financing arrangement for the expansion of explorations in the Southern Gold Line
Endomines Finland Plc is preparing a financing arrangement of a maximum of 3.9 million euros for the expansion of explorations in the Southern Gold Line. Muurinsuo-Korvilansuo-Kuittila areas are located very close to each other and have a lot of geological similarities. In the future, we will treat these as a single entity called the Southern Gold Line. In the area of the Southern Gold Line, the resource estimate is currently close to 150,000 ounces, and it has more than doubled due to the work performed in 2023. We are well on our way to defining a deposit of more than one million ounces, which we believe will lay the groundwork for taking the company into a larger category.
"We are investing heavily in exploration and this funding will allow us to implement our strategic projects according to plans. We believe in the great potential of the Southern Gold Line and hence continue exploring the area in order to expand our operations in the coming years. Currently, we are investigating deeper levels of the Kuittila deposit in the area, as well as continuity of the deposits to different directions," says Kari Vyhtinen, CEO of the company.
Endomines Finland Plc
Contact information
Minni Lempinen, CFO Endomines Finland Plc
minni.lempinen@endomines.com, +358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold-producing regions in the world. Endomines is listed on the OMX Helsinki main list (PAMPALO). www.endomines.com.