Anything sintered has a sponge like structure with pores. That's what sintering is. For example, oil-impregnated bronze for use as self-lubricating bushings.
You're compressing the metal powder so that adjacent particles are applying pressure against each other, but they are not liquified. More like a putty, if anything I believe. They only deform slightly and fuse at the contact boundaries between particles. The empty space between the particles are still there.
Also, do not mislead yourself to believe it necessarily needs to look like a sponge to the naked eye. The particles can be powders after all when they are, the pores may be so small that it might just look like a solid mass. For example, sintered bronze bushings looks just like a solid piece of bronze.