Projects
Pontio
The Pontio Project is Gemdale’s flagship project, located in central Finland in the Bothnian region, in an area with excellent infrastructure and a history of mining. The Pontio Exploration Permit is 100% owned, and held by a 100% owned subsidiary. Significant exploration work has been undertaken to date during a number of campaigns by both Gemdale and a previous owner, including multiple geophysical surveys, base of till “BOT” drilling for geochemical anomalies (mainly on the main “M2” zone), and over 10,000 meters of diamond drilling, again mainly focused on the main M2 zone.
On the Pontio license area there are numerous parallel structures, highlighted in the magnetic data, that trend generally north-south, which have been the main targets for gold exploration. Of these, the main “M2” Trend is the structure which has received the bulk of the exploration attention to date, and is still the main zone of focus. Gemdale is pursuing a drill program to infill and extend the already widespread known gold mineralization encountered in drill holes along most of the 4km length of the M2 Trend, in order to generate the maiden resource on the project. Additional programs are expected to focus on probing the mineralization to depth and also testing other structural trends within the Pontio license; at least 4 other structural trends (M1, M2.5, M3 and M4) are known to host bedrock gold mineralization, from very limited scout drilling done in the past.
Based on the work completed on the Project to date, gold mineralization along the M2 Trend has now been defined over a strike length of approximately 4 km, on 50-600m spaced diamond drill profiles. The mineralization on the M2 trend currently has estimated true thicknesses varying between 15 – 100m, at grades between 0.5 – 3 g/t Au, and has been intersected by diamond drilling consistently over most of the 4km known strike length to date.
Drilling to date has been shallow, with only three holes over 200m in length, and most less than 100m in length. Within the broader grade envelope (of 0.5 – 0.9 g/t Au) are numerous intersections with substantial widths averaging higher grades in the 0.9 – 1.2 g/t Au range. The bulk of the current outlined mineralization occurs in two main bodies along a roughly north-south trend, separated by an 800m zone of narrower, more discontinuous gold mineralization. The mineralization is open in all directions.
Mineralization is hosted primarily in vertical to sub-vertical dioritic dykes of two generations intruded into a package of gneisses of sedimentary and volcano-sedimentary origin. The gneisses have been metamorphosed to amphibolite facies but the diorites are late to post orogenic, and the gold mineralization is post peak metamorphism, associated with lower temperature retrograde greenschist metamorphism.
Gemdale believes that with a relatively modest program of further drilling (infilling the existing drilling and drilling below the current shallow drilling to extend the depth of mineralization), a substantial maiden Mineral Resource Estimate can be generated on the M2 Trend at Pontio, based on a large, low-grade open-pittable gold deposit.
View NI 43 101 Technical Report – September 30, 2025.
SOURCES:
Kopsa – resource breakdown : measured resources 7.44mt @ 0.96g/t for 0.23moz + indicated resources of 8.96mt at 0.73g/t for 0.21moz + inferred resources of 6.75mt at 0.89g/t for 0.19moz. Source Nordic Resources Presentation – https://api.investi.com.au/api/announcements/nnl/b097c1c4-1f6.pdf
Laiva – resource breakdown : 2moz Au measured , indicated and inferrred: source: Laiva Gold website – https://www.laivagold.com/_resources/presentations/corporate-presentation.pdf?v=030903
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