Endomines reported new drill results from the underground core drilling program carried out in the autumn 2023 at the Pampalo Gold Mine. The drill program consisted of seventy-four diamond drill holes for a total of 6 796 m. The majority of the drill holes were part of the infill drilling campaign, targeting the planned production area between the 875 and 955 mine levels, representing 80 vertical meters in the mine. In addition, a total of 6 drill holes were targeted below the 955 mine level to confirm the continuation of the mineralized lodes to deeper levels.

All the assay results have now been received. Highlighted drill results include: T-1948 intersected 13.5 meters at 18.2 g/t gold (9.5 g/t when capped at 20 g/t), including 3.9 meters at 46.3 g/t gold; T-1910 intersected 7.4 meters at 24.5 g/t gold (7.5 g/t when capped at 20 g/t), including 0.8 meters at 146.0 g/t gold; T-1902 intersected 6.5 meters at 22.9 g/t gold (14.8 g/t when capped at 20 g/t); T-1886 intersected 9.8 meters at 12.0 g/t gold (10.6 g/t when capped at 20 g/t), including 0.4 meters at 29.4 g/t gold; T-1907 intersected 7.0 meters at 14.5 g/t gold (12.0 g/t when capped at 20 g/t), including 1.0 meters at 36.0 g/t gold. The previous release reporting drill results for the same area was published on the 4th of September 2023.

The new infill results reported here confirm the grades and shapes of the ore lenses in the planned production area and also provide detailed data for the mineral resource update and mine planning. The deeper holes, targeted below the 955-mine level, verify the continuation of the deposit at least below the 1095 mine level. A new resource estimate update, including all the new results, is being prepared and the mine plan will be updated accordingly.

The next underground drilling program is planned to start in the spring 2024. Drilling technical: All underground drilling has been carried out by Comadev Oy, using BQTK tubes, resulting in a core of 40.7 mm in diameter. Drill hole locations, start azimuths and -dips have been surveyed by using mine survey equipment.

A downhole survey of bearing and dip deviations has been done by using the Reflex Gyro survey tool. All core has been oriented with Reflex ACT equipment.