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18 November, 2019
Eurobattery Minerals announces update on Swedish explorations for battery minerals
Eurobattery Minerals AB (NGM; “BAT”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announced an update on its explorations projects in Sweden. Similar to the project the company runs in Castriz in northern Spain where the results from the drilling campaign will be announced later in Q4, the focus for the Swedish projects is nickel, cobalt and copper, including also rare earth elements (REE), minerals that are all critical raw materials for the electric vehicle market in Europe.
– I am happy to announce the outcome of this year’s field work in our projects across the northern parts of Sweden, said Roberto García Martínez, CEO of Eurobattery Minerals. Even if it is clear that we need to conduct further analysis and more field work in 2020, the results are encouraging.
In total, Eurobattery Minerals have 7 explorations permits in the northern parts of Sweden and all have recently been further investigated by geologists. In the field work, new samples have been taken for petrographic and chemical analysis and previously found and analyzed bouldes and outcrops have been investigated further.
Following this update, the material will be further evaluated in the coming months and form the basis for next year's exploration work.
Below is an update project by project.
SÖRTJÄRN and BRÄNNKAMMEN
In the company's permit areas Sörtjärn and Brännkammen in Västerbotten, a total of about 30 new rock samples have been collected for chemical analysis.
In addition to high gold levels (6-15 ppm Au in some boulders), new analyses at Brännkammen also shown elevated levels of nickel and cobalt.
Brännkammen is located in an area where previously conducted studies show elevated nickel and copper levels according ore maps from the Geological Survey of Sweden. In the coming field season in 2020, further investigations and samplings are planned to determine the area's ore potential, especially regarding nickel and cobalt.
FETSJÖN and RÖNNBERGET
The bedrock within the exploration permits Fetsjön and Rönnberget both consist of shales rich in many metals, e.g. rare earth elements (REE), molybdenum and vanadium.
Compilations and evaluations of 52 boreholes in Fetsjön and 4 boreholes in Rönnberger have been carried out and a detailed analysis and description of the geological and metallogenic conditions can be found on the Eurobattery Minerals website. The mineralogical composition of the deposits and determinations of the graphite content of the shales have recently been investigated with electron microscope.
PAHTAVAARA and PIETARASJÄRVI
In Norrbotten, the two exploration permits Pahtavaara and Pietarasjärvi east of Kiruna have been surveyed to assess previously performed analyses, collecting new samples and planning upcoming exploration efforts.
At Pahtavaara no further mineralized boulders or rock outcrops could be found and the area needs to be investigated more carefully with excavations and geophysical measurements.
At Pietarasjärvi, several boulders were examined and some additional, slightly mineralized boulders were found. An outcrop with copper mineralization, just outside the permit area was investigated. Information from the outcrop, from boulders, maps and previous investigations in the area indicate that the exploration permit should be extended to the north and northeast.
BRUKSBERGET
In the survey area Bruksberget in Västernorrland, detailed magnetic measurements have been carried out. The results from the measurements will be carefully evaluated in a near future.
About Eurobattery Minerals
Eurobattery Minerals is a mining and prospecting company focused on battery minerals such as nickel, cobalt, copper and rare earth elements. Business activities and operations are conducted exclusively in Europe with a focus on Spain and northern Sweden. The company has one mining license and eight exploration licenses. The headquarters is located in Stockholm.
Augment Partners AB, e-post: info@augment.se, telefon: +46 8 505 651 72, is the company’s Mentor
For further information, please contact:
Roberto García Martínez, CEO
roberto@eurobatteryminerals.com
https://investors.eurobatteryminerals.com//en/
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