European Energy Metals Corp. announced the receipt and subsequent SEDAR filing of an independent technical report entitled “Finland Pegmatite Project Central Ostrobothnia, Western Finland” by Warren D. Robb, P.Geo. (BC) with an effective date of May 30, 2023 (the “Technical Report”). European Energy Metals has the option to earn up to an 80% interest in the Finland Pegmatite Project (“FPP”) from Capella Minerals Ltd. as detailed in the Company’s 2023-March-06 and 2023-March-20 news releases. The report can be found on SEDAR or the company’s website: europeanenergymetals.com,
The FPP consists of five mineral reservations prospective for lithium-cesium-tantulum and cover an area of 2300 square kilometers. The report focused on the four northern reservations Nabba, Lappajarvi W, Lappajarvi E, and Kaatiala, located 350 kilometers north of Helsinki and road accessible from the city of Kokkola.
“The Technical Report supports the Company’s decision to acquire the Finland Pegmatite Project and provides a good technical base for our geological crews as they design our 2023 Phase I exploration program,” stated European Energy Metals CEO Jeremy Poirier. “We believe our Finland Pegmatite Project portfolio has the potential to become a significant source of lithium and REE’s for Europe’s domestic critical metals industry,” he continued.
The Geological Survey of Finland (“GTK”) has been conducting regional studies since the 1960’s, including: till geochemistry, airborne magnetics and radiometrics, and rock sampling. They combined their data with industry data from Kebiler Oy and other companies to complete a study for a predictive model for LCT pegmatites in Finland, identifying several “permissive tracts” with potential to host LCT pegmatite deposits. The Finnish Pegmatite Project lies within two of the tracts: the 255 km² Kaustinen tract, host to the Kebiler Oy LCT lithium project, and the 3,672 km² Järvi-Pohjanmaa tract.
GTK identified anomalous areas in the Kaustinen tract and followed up with detailed geochemical till sampling between 2003 and 2023, sampling at 100 metre intervals along lines spaced approximately 1000 metres apart, with the lines oriented perpendicular to the ice flow direction at 240o. An anomaly was identified on the Nabba concession.
Source: European Energy Metals