Gemdale Gold Inc. has reported final assay results from the Phase 1 drilling program at its Pontio Gold Project in western Finland, returning an intersection of 60.85 metres grading 0.80 g/t gold from 104.17 metres downhole in hole PONT096.

The 5,009-metre, 28-diamond drill hole program tested both the northern and southern sectors of the four-kilometre M2 Trend. Drilling in the southern S1 sector intersected wide zones of near-surface, bulk tonnage-style mineralisation, including a 20.98-metre interval grading 1.56 g/t gold within hole PONT096. In the northern N1 sector, hole PONT098 returned 47.16 metres at 0.82 g/t gold from 4.50 metres downhole, confirming the north-northeast trend of mineralisation. The deposit remains completely open at depth, with most holes intersecting less than 100 metres of vertical depth.

Gemdale Gold owns a 100% interest in the Pontio Gold Project, where gold mineralisation has been outlined over a 4km strike length along the M2 Trend.

“We are extremely encouraged by the results of our Phase 1 drilling programme, which have delivered exactly what we set out to achieve - confirming the significant extent and continuity of the mineralisation, with a large number of wide intersections in various Sectors of the ~4km long M2 Trend demonstrating the potential scale of the system. Most importantly, the results from the S1 Sector have surpassed our expectations, with both grades and widths materially exceeding what we had anticipated. This is a highly encouraging development and further strengthens our belief that we are delineating a substantial and potentially very significant gold system.”

“We have now moved rapidly into Phase 2 drilling, with five holes already completed as we tighten the drill spacing, for the moment confined to the shallow part of the system, to 50 metres ahead of our maiden Mineral Resource Estimate, targeted for early 2027. At the same time, our Qualified Person has completed their site visit and metallurgical testwork is progressing, with results expected later in Q4 to support the resource studies.” — Toby Strauss, President and CEO

Gemdale Gold targets the delivery of a maiden Mineral Resource Estimate for the Pontio Gold Project in early 2027.

Read the full announcement: Gemdale Gold Reports More Wide Intersections at its Pontio Gold Project, Finland, including 60.85m at 0.80 g/t Au and 47.16m at 0.82g/t