Endomines announced the discovery of a new potential zone of gold mineralization at the Ukkolanvaara prospect in the central part of the Karelian gold line. Sampling of the Ukkolanvaara banded iron formation revealed gold grades of up to 1.75g/t Au in the iron-rich outcrops. Due to the well-known correlation between iron formations and gold mineralization, the company ranks the project as highly promising and plans to drill the first exploration holes in the spring of 2025.
Ukkolanvaara prospect exploration map with grab sample location (Source: www.endomines.com)
