Vancouver, British Columbia–(Newsfile Corp. – February 15, 2024) – European Energy Metals (TSXV: FIN) (FSE: W28) (“european energy metals” or “company) is pleased to report that the Nabba and Nabba 2 Exploration Licenses (EL) applied for in September and October 2023 have been granted by TUKES (Finnish Chemical Safety Authority). They are located within the Finnish Lithium Project, covering 2,780 hectares (ha) and 1,740 hectares (ha) respectively.
CEO Jeremy Poirier commented: “European Energy Metals would like to thank TUKES for expediting these license applications.” “With exploration licenses in place, this year will allow us to advance targets already generated with more advanced exploration, including diamond drilling.European Energy Metals is poised for continued success in 2024 ” he concluded.
Under the Finnish Minerals Act, licenses are granted for a period of four years, with the possibility of subsequent extensions for a total of 15 years. These licenses allow advanced exploration such as trench drilling and diamond drilling. The company is finalizing its 2024 exploration plan, which will include exploration, geological mapping, surface geophysics, trenching and diamond drilling this year.
Property highlights
Exploration in 2023 confirmed multiple occurrences of lithium-bearing spodumene pegmatite mineralization in the underlying Nava reservation. A highlight was the discovery of the Kyrola Prospect, a spodumene-bearing rock field 350 meters long and 110 meters wide, where 49 rock chip grab samples were analyzed for 3.84% lithium.2O～0.003% Li2O, 15 out of 49 samples returned grades of lithium greater than 0.50%2O (Lee2O = lithium oxide). The extent of boulder fields is limited only by areas covered by low-lying topsoil and agricultural land.The average analysis of these samples was 0.53% lithium2O. Results for 15 samples exceeded 0.50% Li2O, 1.00% or more Li was detected in 11 cases2O, 4 analyzed above 2.00% Li2O and 1 detect more than 3.00% Li2O. Rocks are generally angular and range in size from a small cobble the size of a palm to +1.5 meters in diameter. The rock also has slightly unusual contents of cesium, tantalum, beryllium, and tin.
Mineralogically, the rock consists of albite, spodumene, quartz, and muscovite pegmatites with lesser accessory minerals such as tourmaline, garnet, and beryl. They are typically large to weakly banded and appear to be mineralogically similar to known Kellibar deposits in the area, suggesting that they may be part of the same mineralization event. Masu.
Based on the known glacial history of the area and glacial dispersal of pegmatite rocks at the Kellibar deposit (Ahtola et al, 2015), the source of the rock is likely to be to the northwest of the boulder field, and possibly within its range. It is interpreted. 300m~500m. Further research is required to confirm and define drilling goals.
Nava EL is located at 2O (Source: Geological Survey of Finland).
European Energy Metals cautions investors that the samples taken are selective in nature and are not necessarily indicative of Nava EL mineralization. The Company further cautions that the presence of lithium mineralization at the Kellibar Oy property does not necessarily indicate the presence of similar mineralization in the Company’s mineral reserves.
Figure 1: Nabba exploration license location and exploration highlights
To view an expanded version of this graphic, please visit:
https://images.newsfilecorp.com/files/9006/198020_dc4dc1bf14cf99c7_001full.jpg
QA/QC statements
Samples were submitted to ALS Laboratories in Sodankyla, Finland. ALS inserted internal standards, blanks, and pulp replicates within each sample batch as part of its own internal monitoring of quality control protocols. European Energy Metals monitors accuracy and bias performance by inserting certified lithium standards (OREAS 750 and OREAS 753) and blanks in a 1:25 ratio into each batch submitted to ALS.
Major elemental oxides and trace elements such as Li, Cs, Ta, and Be were analyzed by ALS analysis package ME-MS89L + B-MS89L, which includes Na2O2 fusion digestion followed by ALS ultratrace ICP-MS technique . QAQC results to date show no analytical accuracy issues with all standards returning Li values within 3 standard deviations of the certified mean and blanks returning expected values.
Mike Basha, P.Eng., P.Geo. Vice President of Exploration (NL) for European Energy Metals Corp., a Qualified Person as defined by National Instrument 43-101, has provided the scientific information contained in this press release. We have created technical and technical information.
About European Energy Metals Corp.
European Energy Metals Corp. is a junior mining company currently focused on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are enacting green and energy-independent laws and policies. One of the key factors is access to REEs, especially lithium. The company’s concession is located within 15 km of the Kellibar mine and production complex, which is currently under construction and is expected to start production in the second half of 2025.
An estimated EUR 600 million investment is underway in the Kautinen region by Keliber’s parent company Sibanye-Stillwater Limited in partnership with Finnish Minerals Group (www.mineralsgroup.fi) to develop open-pit and underground mining from several deposits. You can see the development. Construction of a central spodumene enrichment plant and lithium hydroxide chemical plant in Tidewater, Kokkola. Once completed, this complex will constitute a complete hardstone diorite pegmatite lithium supply chain (Source: www.sibanyestilwater.com).
Pursuant to a benefit agreement with Capella Minerals Ltd (TSXV: CMIL), European Energy Metals will acquire 80% of a Finnish lithium project by issuing 2,000,000 shares, paying Cdn$500,000 and incurring exploration costs of Cdn$2,500,000. has the right to obtain the rights and interests of It will be staged and profitable over a period of 4 years. A detailed evaluation of historical and government exploration data compiled by the Geological Survey of Finland (GTK) has identified a series of permissive areas for the LCT pegmatite. The concessions that make up the Finnish lithium project were identified as a result of this pegmatite study.
For more information, please contact us below.
Jeremy Poirier, CEO
Phone: 604-722-9842
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as believe, expect, anticipate, intend, estimate, assume and similar expressions, or which in its nature refers to future events. Such statements include, without limitation, statements regarding the Company’s future results of operations, performance and achievements. the exploration and development potential of the Finnish Pegmatite Project and future exploration at the Finnish Pegmatite Project; Although the Company believes that such statements are reasonable, there can be no assurance that such expectations will prove to be correct. All such forward-looking information is based on the Company’s experience and perception of historical trends, current conditions, expected future developments, and other factors that management believes are appropriate in the circumstances. is based on certain assumptions and analysis made by. However, this information is subject to various risks, uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include the anticipated costs of the work program and the ability to finance such costs, the approvals required in connection with the work program and the availability of such costs; These include the ability to obtain approvals, risks inherent in the project, etc. This includes exploration described under the heading “Risks and Uncertainties” in the Company’s recently filed MD&A. The Company does not intend, and expressly disclaims any obligation, to update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/198020.