European Electric Metals Intersects High Grade Copper Near-Surface in Initial Drilling
488-1090 West Georgia St. www.europeanelectricmetals.com
Vancouver B.C. Canada V6E3V7 info @europeanelectricmetals.com
Tel: 604-687-7130 TSX-V: EVX
May 2, 2018
NEWS RELEASE
European Electric Metals Intersects High Grade Copper Near-Surface in Initial Drilling
• 10m at 3.96% Cu including 3m at 5.06% Cu and including 4m at 5. 76% Cu (all true
widths)
• High grade intercept reported is near surface in Kanisqel pit area
• Additional assays pending
European Electric Metals Inc. (“EVX” or the “Company”) is pleased to announce that it has received
assay results from the first four holes from the Phase 1 drill program at the company’s Rehova Copper
Project in Albania.
Three of the holes were shallow holes, drilled in the periphery of the Kanisqel pit, with the aim of
targeting near surface mineralization. The fourth hole targeted mineralization at the nearby historical
BG deposit. All four of these initial holes intersected copper mineralization while assays are pending
on additional holes drilled. These holes are vertical and the widths described below are all true widths.
Drill hole REH-05A in the Kanisqel west pit intersected 10 mete rs of 3.96% Cu from 51.2 meters
depth and a lower grade zone of 0.66% Cu between 43.0 meters and 47.2 meters. The nearby historic
hole (DH #05) reported a minera lized zone of 19 meters at 2.84% Cu. The hole in Kanisqel east
(REH-49B) pit area located 257 me ters from REH-05A intersected near surface mineralization (19
meters from the surface) that included a meter sample assaying 0.81% Cu.
On the BG deposit, drill hole 128A drilled on its eastern edge, encountered 11.5 meters of
mineralization averaging 1.67% Cu from 98 meters. This is sligh tly higher than the nearby historic
drill hole assay over 11.7 mete rs grading 1.42% Cu. Both the ho les in Kanisqel pit area and BG are
infill holes that are beginning to confirm historic drill results.
Significant intersections from th e current drilling are shown o n the table below. A map with the
location of these holes can be vi ewed at the Company’s website
(http://www.europeanelectricmetals.com/).
Drill hole From To
Meters
(True Width) Cu % Au ppm Ag ppm
REH-05A 43.0 47.2 4.2 0.66 0.09 0.94
51.2 61.2 10.0 3.96 0.14 2.26
including 52.2 55.2 3.0 5.06 0.20 3.25
including 56.2 60.2 4.0 5.76 0.16 2.67
REH-49B 19.0 23.0 4.0 0.38 <0.005 0.10
including 19.0 20.0 1.0 0.81 <0.005 0.15
33.0 34.0 1.0 0.55 0.03 2.21
REH-128A 98.0 109.5 11.5 1.67 0.03 1.92
including 98.0 100.0 2.0 5.01 0.13 8.34
including 102.0 104.0 2.0 2.14 0.01 1.14
REH-20A 50.3 58.2 7.9 0.42 0.01 1.15
Samples from the 4 additional holes that have been completed ar e being prepared for submission to
ALS Global.
The samples were prepared at ALS laboratory in Bor, Serbia and sent for analysis to ALS laboratories
in Europe. The Company included external control samples (blank and standards). ALS employed
their own internal QAQC and control sampling.
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. The
majority of the remaining mineralization was reported as 2.09 m illion tons grading 2.15 per cent
copper* from BG, which was not mined and has exploration potent ial beyond the historic drilling.
Underground development workings had been started at BG as the deposit was being prepared for
mining when the 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.
* The tonnage and grade estimates stated above are historic 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. Note, disclo sure of “historical estimates” that
address the requirements of NI 43-101, 2.4 are compliant. EVX c onsiders the historical estimates
relevant in guiding exploration efforts and planning although E VX is not treating the historical
estimates as current mineral resources. EVX will need to undert ake a comprehensive 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
Neither TSX Venture Exchange nor its Regulation Serv ices Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this
release.
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.