European Electric Metals Completes Six Drill Holes at Rehova Copper Project
488-1090 West Georgia St. www.europeanelectricmetals.com
Vancouver B.C. Canada V6E3V7 [email protected]
Tel: 604-687-7130 TSX-V: EVX
April 9, 2018
NEWS RELEASE
European Electric Metals Completes Six Drill Holes at Rehova Copper Project
six drill holes complete with 104 core samples now delivered to ALS Global
drilling continues with three additional holes to be completed within Phase 1
drill core from near surface targets in Kanisqel pit area inclu ded in the samples now
shipped and being prepared for assays
European Electric Metals Inc. (“EVX:TSXV”) (“EVX” or the “Compa ny”) is pleased to announce
that it has completed six holes within the Phase 1 drill progra m at the company’s Rehova Copper
Project located in Albania.
Core from drilling completed to date has been sent for preparat ion and assay, while drilling is
ongoing.
Three of the completed holes were shallow holes, drilled in the periphery of the Kanisqel pit, with the
aim of targeting near surface mineralization. The remaining holes targeted mineralization associated
with the historical BG deposit (formerly called Bregu i Geshtenjes).
A total of 104 core samples were delivered last week to the ALS laboratory in Bor, Serbia where the
samples will be prepared and sent for analysis to ALS laborator ies in Europe. The samples will be
assayed for multi-elements including copper, gold, silver, coba lt, lead and zinc. The Company
included external control samples (blank and standards). ALS will employ their own internal QAQC
and control sampling.
The drill rig is now moving to a new location within BG, its seventh hole. The Company plans to drill
three more holes during Phase 1 which includes an exploration h ole to test an IP chargeability
anomaly that will test both vertical and lateral extensions of the BG deposit.
While no historic mining took place at BG, Kanisqel was historically mined by open-pit methods.
Rehova is located 115 kilometres southeast of Tirana (200 km by road) and is on the electrical power
grid. The property contains four historical volcanogenic massiv e 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
Dushku i Trashe, comprise the Rehova copper mine, a historically producing mining operation which
was operated by the Albanian state copper enterprise. These deposits are relatively close to each other
(200 m to 500 m) which made mineral delivery to a single processing facility possible.
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, had 2.87 million tons grading 2.14 per cent copper* remaining. The
majority of the remaining mineralization was reported as 2.09 m illion tons grading 2.15 per cent
copper* and were from Bregu, which was not mined and has exploration potential beyond the historic
drilling. Underground development workings had been started at Bregu as the deposit was being
prepared for mining when the state-run mining enterprise shut down its operations country-wide.
Ciflig and Dushku i Trashe were mined by underground method whi le Rehova-Kanisqel was mined
by open pit and to a limited extent by underground. The materia ls mined were sent to a processing
plant nearby with an annual cap acity of 60,000 tonnes per year. It should be noted that the largest
deposit, Bregu, has not been mined.
* The tonnage and grade estimates stated above are historic in nature and were obtained from
information provided by the Albanian government. The AGS histor ical calculations classify the
estimates in a combination of C1 and C2 categories, being based on the Russian deposit reporting
system and are roughly equivalent to the National Instrument 43 -101 inferred and indicated
categories. These historical estimates are not compliant with NI 43-101 and should not be relied upon.
No qualified person has done sufficient work to classify the hi storical estimates as current mineral
resources; and European Electric Metals is not treating the his torical estimates as current mineral
resources. European Electric Metals is including the historical estimates for information purposes
only and offers no assurances as to the reliability of the estimates. European Electric Metals will need
to undertake a comprehensive review of available data, includin g planned drilling by European
Electric Metals, to verify the historic estimates and classify them as current resources.
About European Electric Metals Inc.
European Electric Metals Inc. (“EVX”) is a Canadian listed comp any, with projects in Europe. The
largest shareholder of EVX is the European Bank for Reconstruct ion and Development (“EBRD”).
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 l ocated with excellent road, por t and grid power availability, and in
close proximity to European countries that are poised to experi ence dramatic growth in the electric-
vehicle-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 “forward -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.
488-1090 West Georgia St. www.europeanelectricmetals.com
Vancouver B.C. Canada V6E3V7 [email protected]
Tel: 604-687-7130
On Behalf of the Company,
Fred Tejada, Chief Executive Office and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this release.