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16/04/2024
Mining News

Exploration Licences for European Energy Metals Granted in Central Finland: Advancing Prospects in the Region

European Energy Metals reported that the Nabba and Nabba 2 Exploration Licences which were applied for in September and October 2023 have been granted by TUKES (Finnish Chemical and Safety Agency). The licences are located within the Company’s Central Finland Lithium Project and cover 2,780 and 1,740 hectares (ha) respectively.

“European Energy Metals is grateful to TUKES for expediting these licence applications,” commented CEO Jeremy Poirier. “With exploration licenses in place we will be able to advance the targets already generated with more advanced exploration including diamond drilling this year. European Energy Metals is poised for continued success in 2024,” he concluded.

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Under the Finnish Mineral Act the licences are granted for a period of four years after which extensions can be granted for a total of 15 years. These licences permit advanced exploration, including trenching and diamond drilling. The Company is in the process of finalizing its 2024 exploration plans however it is anticipated that prospecting, geological mapping, ground geophysics, trenching and diamond drilling will be conducted this year.

Property Highlights

Prospecting during 2023 identified multiple occurrences of lithium bearing spodumene pegmatite mineralization on the underlying Nabba Reservation. The highlight was the discovery of the Kyrola Prospect, a 350m long by 110m wide spodumene-bearing boulder field, where 49 rock chip grab samples were assayed from 3.84% Li2O to 0.003% Li2O, with 15 of the 49 samples returning grades in excess of 0.50% Li2O (Li2O = lithium oxide).

The extent of the boulder field is constrained only by low-lying overburden covered areas and farm fields. The mean assay of these samples was 0.53% Li2O. Fifteen samples assayed greater than 0.50% Li2O, eleven assayed greater than 1.00% Li2O, 4 assayed greater than 2.00% Li2O and 1 assayed greater than 3.00% Li2O. The boulders are generally angular and range in size from small hand size cobbles up to +1.5m in diameter. The boulders are also weakly anomalous in cesium, tantalum, beryllium and tin.

The boulders are comprised mineralogically of albite-spodumene-quartz-muscovite pegmatite with lesser accessory minerals such as tourmaline, garnet and beryl. They are typically massive to weakly zoned and appear to be mineralogically similar to the known Keliber deposits in the region, suggesting they may be part of the same mineralizing event.

Based on the known glacial history of the area and glacial dispersion of pegmatite boulders at the Keliber deposits (Ahtola et al, 2015) it is interpreted that the source of the boulders is likely to be to the northwest of the boulder field, and possibly within 300 m-500 m. Further studies will be required to confirm and define targets for drilling.

The Nabba ELs lie <8 km west of Keliber’s Spodumene Concentrator Plant and several previously known lithium-spodumene pegmatite prospects/deposits occur within 1 km of the Nabba ELs, including the Emmes Deposit which hosts NNW-SSE trending Li-bearing, spodumene pegmatites, and a resource of 1.08 Mt grading 1.22% Li2O.

European Energy Metals cautions investors grab samples are selective samples by their nature and are not necessarily indicative of mineralization on the Nabba ELs. The Company further cautions the presence of lithium mineralization on Keliber Oy’s properties is not necessarily indicative of similar mineralization on the Company’s mineral reservations.

 

Source: European Energy Metals

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