European Energy Metals Confirms Pegmatites at Lappajarvi West
European Energy Metals Confirms Pegmatites
at Lappajarvi West
Vancouver, British Columbia--(Newsfile Corp. - July 18, 2023) - European Energy Metals (TSXV: FIN)
(FSE: W28) ("
European Energy
" or the "
Company
") is pleased to announce exploration crews have
confirmed the presence of pegmatites at Lappajarvi West, one of the five concessions comprising its
2,300 square kilometre Lithium-Cesium-Tantalum ("
LCT
") and Rare Earth Element ("
REE
") Finnish
Pegmatite Project, in central and southern Finland.
As part of the Company's Phase 1 exploration program, exploration crews have visited a number of the
pegmatite occurrences noted in the Geological Survey of Finland "GTK" database, confirming the
historic locations and also uncovering additional previously unknown pegmatites. Minerals commonly
associated with LCT pegmatites
1
have been observed in several locations, including: blocky K-feldspar,
green muscovite, beryl and tourmaline.
"Our Phase 1 exploration program has yielded encouraging preliminary results with the presence of LCT
indicator minerals noted in multiple locations," commented European Energy Metals CEO Jeremy
Poirier. "We are feeling confident our exploration crews can successfully highlight high priority areas for
subsequent permitting for Phase II drilling," he continued.
Figure 1. Blue/green beryl crystal in pegmatite outcrop at Lappajärvi West Reservation.
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Figure 2. Quartz and tourmaline in pegmatite outcrop at Lappajärvi West Reservation.
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Figure 3. Pegmatite outcrop at at Lappajärvi West Reservation.
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The first series of samples will be shipped to the ALS Minerals geochemical prep lab in Sodankylä,
Finland this week. The samples will be analyzed with procedure ME-MS89L, utilizing a sodium peroxide
fusion and ALS's Super Trace ICP-MS methodology. The results will be released once the technical
team completes QA/QC reviews.
European Energy Metals cautions investors the presence of LCT indicator minerals in the pegmatites at
Lappajärvi West are not necessarily indicative of presence of lithium mineralization.
Pursuant to an earn-in agreement with Capella Minerals Ltd (TSXV: CMIL)., European Energy has the
right to earn an 80% interest in the Finnish Pegmatite Project by issuing 1,750,000 shares, paying
Cdn$500,000 and incurring Cdn$2,500,000 dollars in exploration expenditures staged over a 4 year
earn in period. A detailed assessment of the historic and government exploration data compiled by the
Finnish Geological Survey ("
GTK
") identified a series of permissive tracts for LCT pegmatites. The
concessions comprising the Finnish Pegmatite Project were identified as a result of this pegmatite
research.
About the Finland Pegmatite Project
The Finland Pegmatite Project consists of four exploration concessions in central Finland and one
exploration concession in southern Finland. These reservations cover a total area of 2,300 square
kilometres and are focused on Lithium-Cesium-Tantalum or LCT pegmatite complexes located within
the Jarvi-Pohjanmaa and Seinajoki lithium-permissive tracts as defined by the Geological Survey of
Finland (GTK). Four of the reservations (Nabba, Lappajarvi West, Lappajarvi East and Kaatiala) lie
immediately adjacent to, and to the south of, Keliber Oy's spodumene mine development project in the
Kaustinen district.
Keliber Oy is a consortium, comprised of Sibanye-Stillwater (79%), Finnish Minerals Group (20%) and
Finnish shareholders (1%). A Definitive Feasibility Study by Hatch dated June 14, 2018 states a JORC
Code 2012 compliant Measured and Indicated Mineral Resource of 9.47 million tonnes at a grade of
1.16% Li
2
O
2
.
European Energy cautions investors the presence of lithium mineralization at Keliber Oy is not
necessarily indicative of similar mineralization at the Nabba concession.
1
J.B.Selway, F.W.Breaks and A.G.Tindle. (2005) A Review of Rare-Element (Li-Cs-Ta) Pegmatite Exploration Techniques for the Superior
Province, Canada, and Large Worldwide Tantalum Deposits. Exploration and Mining Geology, Volume 14 No.s 1-4, pp. 1-30.
2
Definitive Feasibility Study - Executive Summary June 14, 2018 by Hatch.
http://mb.cision.com/Public/14755/2547948/b83a99f0255413fe.pdf
.
R. Tim Henneberry, P.Geo. (BC), a Director of European Energy Metals Corp., is the Qualified Person
who has reviewed and approved the technical content disclosed in this release.
About European Energy Metals Corp.
European Energy Metals Corp. is a junior mining company currently focussed on the Lithium-Cesium-
Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are
legislating environmentally friendly and energy independent laws and policies. One of the key
components is access to REE and, specifically, lithium. The company concessions are located within 11
miles of Keliber mine being constructed which is expected to begin production H2 2025.
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier, CEO
Telephone: 604-722-9842
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statements Regarding Forward Looking Information
This news release contains forward-looking information within the meaning of applicable securities
legislation. Forward-looking information is typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature,
refer to future events. Such statements include, without limitation, statements regarding the future
results of operations, performance and achievements of the Company, including the presence of
lithium mineralization at, and
the
exploration and development potential of, the Finland Pegmatite
Project. Although the Company believes that such statements are reasonable, it can give no
assurances that such expectations will prove to be correct.
All such forward-looking information is
based on certain assumptions and analyses made by the Company in light of their experience and
perception of historical trends, current conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances. This information, however, is
subject to a variety of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking information. Important factors
that could cause actual results to differ from this forward-looking information include the costs of any
anticipated work programs and the ability to fund such costs, required approvals in connection with
any work programs and the ability to obtain such approvals, risks inherent in exploration as well as
those described under the heading "Risks and Uncertainties" in the Company's most recently filed
MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise
the forward-looking information contained in this news release, except as required by law. Readers are
cautioned not to place undue reliance on forward-looking information.
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