Endomines AB completes acquisition of 292 hectares land at Pampalo
mining concession
(Thomson Reuters ONE) - The press release can be downloaded from the following link:Press Release PDFEndomines AB is pleased to announce that its wholly owned subsidiaryEndomines Oy has acquired 292 hectares of the Pampalo miningconcession area, which totals 296 hectares. The land was purchasedfrom the state forestry organisation Metsähallitus. The smallremaining land area outside the mining concession is held by privatelandowners, and does not have any impact on the planned development of the Pampalo underground mine and processing plant.The Pampalo mining concession is valid as are all other relevantpermits, including environmental permit. Construction of the mine andplant is due to start after project financing has been completed andBoard approval received."This recent land acquisition is a major milestone for the company"comments Markus Ekberg, CEO of Endomines AB. "We have now secured theland required for the Pampalo project and all permits are in place,which allows for the Pampalo-project to be developed up to commercialproduction ".For further information, please contactMarkus Ekberg, CEO, +358 40 706 4850Endomines AB (publ) explores and develops mineral deposits inFinland. The Company owns mining concessions and claims over all theknown gold deposits along the Karelian Gold Line, including thePampalo mine where the Company aims to start mining in 2010. Inaddition, Endomines has claims for gold deposits in Finnish Lapland.Besides gold, and through its subsidiary Kalvinit Oy, the Companyplans to develop its deposits of the industrial mineral ilmenite inCentral Ostrobothnia.Endomines applies SveMin's and FAERI's common reporting rules forpublic mining and exploration companies. Endomines report its mineralresources according to the internationally accepted JORC or NI-43-101code. Endomines applies International Financial Reporting Standards(IFRS) for its accounting principles. The use of IFRS allows forcomparison of the Company with foreign exploration and miningcompanies.The shares of Endomines AB are quoted on First North Premier segmentin Stockholm under ticker ENDO. Erik Penser Bankaktiebolag acts asCertified Adviser and Liquidity Guarantor.Read more about Endomines's press releases onhttp://www.endomines.com/news.phphttp://hugin.info/138043/R/1338214/319210.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 31.08.2009 - 10:15 Uhr
Sprache: Deutsch
News-ID 5270
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 278 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Endomines AB completes acquisition of 292 hectares land at Pampalo
mining concession"
steht unter der journalistisch-redaktionellen Verantwortung von
Endomines AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
