An ‘international gold rush' could be on its way — and it's because of a ‘significant' discovery in Finland
A single drill hole in Finland has unearthed a significant gold deposit, sending shockwaves through the global markets in what could likely be a new international gold rush.
The significant discovery was confirmed to be found in bedrock samples taken from the site in February along the Karelian Gold Line in Ukkolanvaara, according to mining and exploration company Endomines.
The initial drill hole, named UKKO-001, hit three major gold-rich sections and has exceeded expectations, the company's CEo, Kari Vyhtinen, said.
'An impressive result was achieved with the very first drill hole,' he notes. 'The result confirms the great gold potential of the Ukko-deposit in Ukkolanvaara. Three such high-grade gold zones in the same drill hole is something we have never seen before in exploration.'
Vyhtinen said their plan was to conduct only a three-to four-week research campaign in the area, but the company has now decided to continue the investigations indefinitely.
'The iron deposit in Ukkolanvaara is very extensive,' he adds. 'Additionally, observations of visible gold in several drill holes indicate that gold is present over a wider area in connection with the iron deposit.'
The significant discovery was confirmed to be found in bedrock samples taken from the site in February along the Karelian Gold Line in Ukkolanvaara.
Roman Bodnarchuk – stock.adobe.com
The initial drill hole, named UKKO-001, hit three major gold-rich sections and has exceeded expectations.
Dmitry Naumov – stock.adobe.com
Vyhtinen believes the gold discovery will prove to be 'significant.'
The company's findings show various samples of gold ranging upwards of nearly 10 grams per metric ton. To date, 12 holes have been drilled, with more results pending.
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3 days ago
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Ramp Metals Completes Spring Drill Program and Announces Additional Mineralization at Rush Target
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Figure 1: Rottenstone SW - 2025 Drill Collar Locations To view an enhanced version of this graphic, please visit: Ranger A total of 8 drill holes were completed at the Ranger target (Figure 2). Seven drill holes were completed around the Ranger-001 discovery hole. All 7 holes intersected significant widths of the quartz-diorite package which hosted the previously announced high grade gold intercept of 73.55 g/t Au over 7.5m as reported in the June 17, 2024 News Release. The remaining hole was designed to test a conductor located approximately 1.5km to the north-east, which was identified in the recently completed airborne geophysics (Figure 3). Altered tonalite and metasediments with Pyrrhotite mineralization were encountered. The hole was ended early at 200m due to time constraints. Management believes that further testing is warranted on the eastern Ranger anomalies. Figure 2: Ranger - 2025 Drill Hole Collars and Drill Traces To view an enhanced version of this graphic, please visit: Figure 3: Ranger Drill Collars and Drill Hole Traces with EM To view an enhanced version of this graphic, please visit: Rush A total of 10 holes were drilled at the newly identified Rush VMS target (Figure 4). Semi-massive to massive sulphide mineralization was noted in 5 drill holes, with the presence chalcopyrite and sphalerite being confirmed with a Thermo Scientific™ Niton™ XL5 Plus handheld XRF analyzer. Minor amounts of galena were also noted. Rush-010 intersected net textured to semi-massive sulphide over approximately 4.16m from 21.4m-25.56m (Photo 1). Disseminated to blebby sulphides were also intersected to a depth of approximately 47m (Photo 2). This intersection represents a 150m step-out to the north-east from the initial discovery area where Rush 001, 002, 003, and 009 were drilled. 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4 days ago
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A single drill hole in Finland has unearthed a significant gold deposit, sending shockwaves through the global markets in what could likely be a new international gold rush. The significant discovery was confirmed to be found in bedrock samples taken from the site in February along the Karelian Gold Line in Ukkolanvaara, according to mining and exploration company Endomines. The initial drill hole, named UKKO-001, hit three major gold-rich sections and has exceeded expectations, the company's CEo, Kari Vyhtinen, said. 'An impressive result was achieved with the very first drill hole,' he notes. 'The result confirms the great gold potential of the Ukko-deposit in Ukkolanvaara. Three such high-grade gold zones in the same drill hole is something we have never seen before in exploration.' Vyhtinen said their plan was to conduct only a three-to four-week research campaign in the area, but the company has now decided to continue the investigations indefinitely. 'The iron deposit in Ukkolanvaara is very extensive,' he adds. 'Additionally, observations of visible gold in several drill holes indicate that gold is present over a wider area in connection with the iron deposit.' The significant discovery was confirmed to be found in bedrock samples taken from the site in February along the Karelian Gold Line in Ukkolanvaara. Roman Bodnarchuk – The initial drill hole, named UKKO-001, hit three major gold-rich sections and has exceeded expectations. Dmitry Naumov – Vyhtinen believes the gold discovery will prove to be 'significant.' The company's findings show various samples of gold ranging upwards of nearly 10 grams per metric ton. To date, 12 holes have been drilled, with more results pending.
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