Gemdale Gold reported the intersection of gold mineralization in an 800m step out south of previous intersections at its Pontio Gold project in western Finland. As part of a 10-hole, 782.30m drill program, drill hole PONT067 intersected 20.34m @ 1.05g/t Au and 0.06% Cu from 7.5m, including 1.98m @ 4.54g/t Au from 22.23m, extending the strike of the mineralized M2 trend to 4km. Drilling west of the main M2 trend resulted in the intersection of low-grade gold mineralization that could represent a halo to another, parallel, gold mineralized trend.
The recently completed work further helped the company to increase its understanding of structural controls on the main gold lodes that appear to be offset from the main M2 trend by NNE trending, secondary shears.
Utilizing these recently gained insights, the company is planning further drilling to better define the newly discovered southern extension and test for higher-grade mineralization at depth.
Pontio airborne magnetics with mineralized envelopes and 2023 collars (Source: www.gemdalegold.com)
