RITAKALLIO

Ritakallio Gold Project

The Ritakallio gold occurrence is located 5 kilometres east of the Jokisivu Gold Mine, the structural and lithological settings of each being similar.

Previous channel sampling of trenches and outcrops have returned encouraging intercepts of 1.20m @ 14.87 g/t gold and 2.40m @ 7.92 g/t gold, whilst limited historical diamond core drilling, yielded modest returns including 3.65m @ 1.62 g/t gold.

A diamond core drilling program at Ritakallio, designed to examine seven areas where previous exploration had identified a number of veins and shears with moderate to high gold contents and/or pathfinder elements in bedrock was completed in 2010. This program returned a number of intercepts, including a narrow high grade intercept of 1.10m @ 49.80 g/t gold.

No field activities will be undertaken at Ritakallio in 2012 as  exploration is  directed  to areas proximal to the operating mines and key projects. The results from previous activities however provide encouragement that activities will resume at Ritakallioin  in future years.

Highlight intercepts from diamond core drilling on the Ritakallio Gold Project