European Energy Metals Samples 3.84% Li2O at Its Central Finland Lithium Project
European Energy Metals Samples 3.84% Li2O
at Its Central Finland Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2023) - European Energy Metals (TSXV:
FIN) (FSE: W28) ("
European Energy
" or the "
Company
") is pleased to report the results of its
inaugural Phase 1 exploration program for LCT (lithium-cesium-tantalum) spodumene-bearing
pegmatites on its Central Finland Lithium Project which spans over 250,000 hectares (ha). Overall, the
best results were obtained on the Nabba Reservation where several clusters of spodumene-bearing
pegmatite boulders and boulder fields were identified during the program. Several prospective areas
were also identified (i.e. Kyrola, Kaitnabba, Pisto and Kaatiala) with anomalous to locally anomalous-
grade lithium. A total of 1,099 rock chip (grab) samples were collected with the results discussed in
manomalous detail below.
"The inaugural exploration program was met with considerable success, having identified multiple areas
with lithium mineralization," commented Jeremy Poirier, CEO of European Energy Metals. "The
identification of pervasive lithium mineralization, despite the presence of significant overburden or cover,
is highly encouraging and warrants further exploration. This also supports our recent application for an
Exploration License over the Nabba Reservation which allows for drill testing in Q2-2024."
Kyrola
The most significant discovery during the Phase 1 program was the discovery of a 350 m long by 110 m
wide Northwest-Southeast trending spodumene-bearing pegmatite boulder field on the Nabba
Reservation.
The extent of the boulder field is constrained only by low-lying overburden covered areas
and farm fields.
A total of forty-nine (49) rock chip grab samples were collected from the field and
individual samples assayed from 0.003% to 3.84% Li
2
O .
The mean assay of these samples was 0.53%
Li
2
O .
Fifteen samples assayed greater than 0.50% Li
2
O , eleven assayed greater than 1.00% Li
2
O , 4
assayed greater than 2.00% Li
2
O and 1 assayed greater than 3.00% Li
2
O .
The boulders are generally
angular and range in size from small hand size cobbles up to > 1.5 m in diameter.
The boulders are also
weakly anomalous in Cesium (Cs), Tantalum (Ta), Beryllium (Ta) and Tin (Sn).
Table 1: Best results from Kyrola Prospect
Sample_#
Li
2
O _Pct
Li_ppm
Cs_ppm
Ta_ppm
Be_ppm
Sn_ppm
D056277
3.84
17850
14.8
17.7
87.2
107
F920052
2.62
12150
53.3
49.7
230
136
D056274
2.26
10500
46.8
40.9
96
91
F920401
2.22
10300
37.2
46.4
220
142
F920006
1.92
8910
35.7
79.3
230
131
F920204
1.87
8690
36.1
16.25
142.5
73
F920053
1.75
8120
57.9
53.1
184.5
87
F920001
1.63
7560
24.2
23.7
161.5
114
D056270
1.16
5400
32.2
21.6
201
54
F920002
1.12
5180
30.6
12.6
162
61
D056260
1.06
4910
49.6
61.7
250
84
The boulders are mineralogically comprised of albite-spodumene-quartz-muscovite pegmatite with
lesser accessory minerals such as tourmaline, garnet and beryl.
They are typically massive to weakly
zoned.
They appear to be mineralogically similar to the known Keliber deposits in the region, and as
such 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
nearby 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 300-500 m.
Further studies will be required to
confirm and define targets for drilling.
Kaitnabba
Another cluster of spodumene bearing pegmatite boulders were discovered approximately 9 km
southwest of the Kyrola prospect, and also occurring on the Nabba Reservation.
Two boulders assayed
1.57% and 1.01% Li
2
O respectively. The boulders range in size from 0.2 to 0.4 m diameter and are also
mineralogically similar to the Keliber deposits.
They are also anomalous in Cs, Ta, Be and Sn.
Table 2: Best results from Kaitnabba Prospect
Sample_#
Li
2
O_Pct
Li_ppm
Cs_ppm
Ta_ppm
Be_ppm
Sn_ppm
F920426
1.57
7300
45.3
62.4
224
143
F920094
1.00
4670
52
39.7
282
97
Pisto
Located on the company's Lappajarvi East Reservation this prospect consists of an outcropping
megacrystic two-mica granite and qtz-feldspar-muscovite-tourmaline pegmatite swarm.
Rock chip
sampling over an area of several km identified anomalous Li in the 100's of ppm, up to 250 ppm Li.
Many of the samples are also anomalous in Arsenic (As). The presence of As associated with Li is also
noted at Keliber's Kellokallio Prospect approximately 11 km East-Northeast of Pisto where spodumene-
bearing pegmatite dyke(s) associated with wide zones of highly anomalous As (eg. 10-40 m assaying
1000 to 4500 ppm As).
The best reported Lithium intercept was
0.97% Li
2
O over 3.15 m.
In this context
the possibility of using As as a pathfinder element for Li in the area will be considered.
Gold occurrences
in the region are also often associated with As.
Overmark
Quartz-felspar-muscovite-tourmaline pegmatites within a 200 m wide by 1400 m long E-W trending
swarm.
Individual pegmatites up up to 5 m across. Several samples assayed between 50 to 177 ppm Li.
Viirineva
Quartz-felspar-muscovite-tourmaline pegmatites within a 3.65 km long NW-SE trend. Individual
pegamatites up to 6 m across.
Several samples assayed anomalous Cesium (Cs) up to 124 ppm Cs.
Kaatiala
Located 100 km south of Nabba, the 3,200 ha property is host to a 40 m wide quartz-feldspar-
muscovite-tourmaline (+/- spodumene) pegmatite body that was mined from 1942 to 1968 for quartz and
feldspar.
Rock chip sampling of the waste piles around the old mine revealed the presence of Li. The
highest Li values obtained were 0.09%, 0.20% and 0.25% Li
2
O.
Table 3: Best results from Kaatiala Prospect
Sample_#
Li
2
O_Pct
Li_ppm
Cs_ppm
Ta_ppm
Be_ppm
Sn_ppm
F920411
0.25
1170
93.1
28.6
16.7
193
F920081
0.20
940
49.3
13.45
12.7
64
F920413
0.09
440
39
34.6
10.3
39
Discussion
The Company's projects are in the Kaustinen-Seinajoki region which is highly prospective for LCT
pegmatite deposits, as evidenced by the success of the Geological Survey of Finland (GTK) and
subsequently Keliber Oy in discovering significant Li-bearing spodumene pegmatite prospects and
deposits in the region. The initial success in identifying lithium-rich pegmatitic boulders from the Phase 1
program is very encouraging, as the area is topographically flat and extensively covered by a thin veneer
of glacial overburden.
On the basis of these results the Company has recently submitted applications for Exploration Licenses
("EL's") covering an area of 4,550 hectares within it's 11,690 hectare Nabba Reservation, including the
area around the Kyrola Prospect. The Nabba EL (2,812 ha) and Nabba 2 EL (1,738 ha) are located on
the northern half of the Company's Nabba Reservation and adjacent to the Keliber lithium projects of
Sibanye-Stillwater (NYSE:SBSW). Under an Exploration License or EL, the Company will be permitted
to undertake manomalous advanced exploration such as detailed base-of-till (BoT) sampling, trenching
and diamond drilling.
The Nabba ELs lie less than 8 km west of Keliber's Spodumene Concentrator Plant and several
previously known Li-spodumene pegmatite prospects/deposits occur within 1 km of the Nabba licences,
including the Emmes Deposit which hosts NNW-SSE trending Li-bearing, spodumene pegmatites, and
a resource of 1.08 Mt grading 1.22% Li
2
O (source: GTK).
It appears the Nabba area may be well-
endowed.
QA/QC Statement
Samples were submitted to ALS Laboratories in Sodankyla Finland. ALS inserted internal standards,
blanks and pulp duplicates within each sample batch as part of their own internal monitoring of quality
control protocols. European Energy Metals monitors precision and bias performance by inserting
certified lithium standards (ANOMALOUSAS 750 and ANOMALOUSAS 753) as well as blanks into
each batch submitted to ALS at a rate of 1:25.
The major element oxides and trace elements including Li, Cs, Ta and Be were analysed by ALS
analytical package ME-MS89L + B-MS89L involving digestion by Na2O2 fusion followed by ALS's super
trace ICP-MS methodology. QAQC results to date do not indicate any analytical accuracy issues with all
standards returning values Li values within 3 standard deviations of their certified mean and blanks
returning expected values.
Mike Basha, P.Eng., P.Geo. (NL), VP Exploration of European Energy Metals Corp., a Qualified Person
as defined by National Instrument 43-101, has prepared this press release and compiled the results
discussed herein.
Figure 1: Central Finland Lithium Project
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9006/190135_aff105ce643e98dc_001full.jpg
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's concessions are located within
15 kms of the Keliber mine and production complex, currently under construction and expected to begin
production in H2 2025.
An estimated €600 million investment by Keliber's parent company Sibanye-Stillwater Limited in
partnership with the Finnish Minerals Group (
www.mineralsgroup.fi
) is underway in the Kautinen Region
and will see the development of open-pit and underground mining from several deposits, construction of
a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola.
When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply
chain (source:
www.sibanyestillwater.com
).
Pursuant to an earn-in agreement with Capella Minerals Ltd (TSXV: CMIL), European Energy Metals has
the right to earn an 80% interest in the Finnish Lithium Project by issuing 2,000,000 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 Lithium Project were identified as a result of this pegmatite
research.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/190135