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PAASIVAARA

  • Location: 35km SE from Joensuu by tarmacked road with gravel roads across the licensed area.
  • Total area: 14.5 sq.km.
  • Geological setting: preferable geological position in the Hattu-Ilomantsi greenstone belt.License areas are the part of Karelian Gold Line.On February 8th, 2011, 25km north of the license area, Endomins Oy started gold mining operations on the Pampalo deposit.
  • Field work results: during 2009-2010 MEN Finland carried out an extensive field work in Paasivaara license area.  As a result a new intensive geochemical anomaly was discovered. The estimated size of the sulphide mineralization zone boundary is 400 – 600m x 5km.
  • Exploration Potential of the area including Viinivaara – 0.5 – 1.5 Moz of gold.
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