Gemdale Gold reported the completion of a capital raise as well as encouraging initial results from new drilling at its Pontio Gold project in western Finland. Following the capital raise, the company started drill testing the southern part of the M2 trend, where previous BOT sampling indicates the continuation of gold mineralization. Initial visual results from the new drilling indicate that mineralization does indeed extend towards the south, beyond the limit of historic drilling. In addition to the southern extension of the M2 trend, the company is also testing several potentially parallel zones.
“Pontio License Map highlighting the Main M2 Trend” (Source: www.gemdalegold.com)
