European Electric Metals Completes Drilling Data Compilation and Engages Wood Canada to Prepare 3D Model of Rehova
488-1090 West Georgia St. www.europeanelectricmetals.com
Vancouver B.C. Canada V6E3V7 info @europeanelectricmetals.com
Tel: 604-687-7130 TSX-V: EVX
May 31, 2018
NEWS RELEASE
European Electric Metals Completes Drilling Data Compilation and Engages Wood Canada
to Prepare 3D Model of Rehova
European Electric Metals Inc. (TSX-V:EVX) (“EVX” or the “Company”) is pleased to report that it
has completed a compilation of historic drilling results at the four known deposits of Rehova Project
in Albania.
The compilation of drilling data from paper copies took several months to finish. The technical team
of the Company collected drilling information from 672 drill ho les that included copper assays of
4,737 samples. The data validation is expected to be completed this week and turned over to Wood
Canada in Vancouver (formerly AMEC Foster Wheeler) who will pre pare a 3D model consisting of
the hanging wall, footwall, massive sulphide, and copper grade domains using Leapfrog software. On
completion of the 3D model the Company has the option to have W ood Canada continue with the
preparation of copper grade block model using Leapfrog Edge.
The Company considers the completion of data compilation is of significant importance as it will
allow the 3D modelling of the geology, mineralization and coppe r grades of the BG deposit which
the Company very recently drilled and also of the three deposits, Kanisqel, Ciflig and DT. These last
three deposits were mined to certain extents while BG was not, as previously reported by the
Company in prior news release disclosure. The 3D geological mod el will assist the Company in
preparing a better approach as it seeks to confirm mineral exte nsions between and around the
individual deposits. As well, it will assist in planning future confirmation drilling of BG deposit
targeting an expansion of mineralization in the entire Rehova license area.
Rehova is located 115 kilometers southeast of Tirana (200 km by road) and is on the electrical power
grid. The property encompasses four historical volcanogenic mas sive sulphide deposits. These are
surrounded by exploration areas of interest that have not yet been systematically tested using modern
exploration techniques and tec hnology. The four known deposits, called BG, Kanisqel, Ciflig and
DT, comprise the Rehova copper mine complex, a historically producing mining operation which was
operated by the Albanian state copper enterprise.
Prior to the start of production in 1980, the Albanian Geologic al Survey had defined combined
mineralization in the four deposits of 3.43 million tons grading 2.17 per cent copper and by the time
operations stopped in 1990, reported 2.87 million tons grading 2.14 per cent copper remaining (see
Note 1 below). The majority of the remaining mineralization was reported as 2.09 million tons
grading 2.15 per cent copper from BG, which was not mined and h as exploration potential beyond
the historic drilling. Underground development workings had bee n started at BG as the deposit was
being prepared for mining when t he state-run mining enterprise shut down its operations country-
wide in the early 1990s.
Ciflig and DT were mined by underground methods while Kanisqel was mined by open pit and to a
limited extent by underground. The materials mined were sent to a historic processing plant (no longer
existing) nearby with an annual capacity of 60,000 tonnes per year.
Note 1. The tonnage and grade estimates stated above are histor ic in nature and were obtained from
information provided by the Albanian government. The Albanian G eological Survey historical
calculations classify the estimates in a combination of C1 and C2 categories, being based on the
Russian deposit reporting system and are roughly e quivalent to the National Instrument 43-101
inferred and indicated categories. No qualified person has done sufficient work to classify the
historical estimates as current mineral resources. EVX consider s the historical estimates relevant in
guiding exploration efforts and planning although EVX is not tr eating the historical estimates as
current mineral resources. EVX will need to undertake a compreh ensive review of available data,
including further drilling, to verify the historic estimates and classify them as current resources.
Jose Mario Castelo Branco, EuroGe ol, a Qualified Person under t he meaning of Canadian National
Instrument 43-101 and Chief Geologist of the Company is respons ible for the tech nical content of
this news release.
About European Electric Metals Inc.
European Electric Metals Inc. is a Canadian listed public company, with projects in Europe. A major
shareholder of EVX is the European Bank for Reconstruction and Development. The goal of EVX is
to become a major source of battery metals such as copper, nickel and cobalt, and the company seeks
to do so within safe, stable and logistically attractive European jurisdictions. The company's projects
are ideally located with excellent road, port and grid power availability, and near European countries
that are poised to experience dramatic growth in the electric-v ehicle-manufacturing industry. There
is a strong battery-manufacturing industry within Europe with many more projects in the pipeline.
On behalf of the Company,
Fred Tejada, Chief Executive Officer and Director
Forward-Looking Statements . This news release contains “fo rward-looking” statements and
information relating to the Company and the Rehova Project that are based on the beliefs of Company
management, as well as assumptions made by and information curr ently available to Company
management. Such statements reflect the current risks, uncertai nties and assumptions related to
certain factors including but not limited to, without limitatio ns, exploration and development risks,
expenditure and financing requirements, general economic conditions, changes in financial markets,
the ability to properly and efficiently staff the Company’s ope rations, the sufficiency of working
capital and funding for continued operations, title matters, co mmunity relations, operating hazards,
political and economic factors, competitive factors, metal pric es, relationships with vendors,
governmental regulations and ove rsight, permitting, seasonality and weather, technological change,
industry practices, and one-time events. Should any one or more risks or uncertainties materialize or
change, or should any underlying assumptions prove incorrect, a ctual results and forward-looking
statements may vary materially from those described herein. The Company does not undertake to
update forward-looking statements or forward-looking information, except as required by law.