{"id":2522,"date":"2020-07-09T06:00:00","date_gmt":"2020-07-09T06:00:00","guid":{"rendered":"https:\/\/investors.eurobatteryminerals.com\/\/drilling-to-commence-at-the-hautalampi-project-finland\/"},"modified":"2020-08-18T09:50:58","modified_gmt":"2020-08-18T07:50:58","slug":"drilling-to-commence-at-the-hautalampi-project-finland","status":"publish","type":"post","link":"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/drilling-to-commence-at-the-hautalampi-project-finland\/","title":{"rendered":"DRILLING TO COMMENCE AT THE HAUTALAMPI PROJECT, FINLAND"},"content":{"rendered":"<p style=\"margin-bottom: 8px;\">\n\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<i><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Eurobattery Minerals AB (Nordic Growth Market: &#8220;BAT&#8221;; \u201cthe Company\u201d) a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announces that Vulcan Hautalampi Oy (\u201cVHOy\u201d) is about to commence drilling at the Hautalampi nickel (Ni), cobalt (Co), copper (Cu) project (\u201cHautalampi\u201d; \u201cthe project\u201d) in Outokumpu, eastern Finland. The Company has the option to acquire 100% of VHOy in a staged acquisition for an aggregate consideration of \u20ac6.05m in shares and cash.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/i><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"margin-bottom: 8px;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Key points:<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><\/p>\n<ul>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 11pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Diamond drilling at the Hautalampi Ni-Co-Cu mine development to commence Monday <\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">13<br \/>\n<sup>th<\/sup> July.<br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 10pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">Phase 1 drilling programme to consist of 45 \u2013 50 drill holes for approximately 4,500 \u2013 5,000m aimed at increasing the Mineral Resource base.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 10pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">Drilling to target \u201cBlue Sky\u201d mineralisation to the northeast and along strike of the existing Hautalampi Mineral Resource Estimate of <\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">3.2Mt @ 0.43% Ni, 0.35% Cu and 0.12% Co.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 10pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">Blue Sky zone measures 2,080m in length and 470m in width, offering the potential for a substantial increase in resource tonnage.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 10pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">A minimum exploration target of <\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">2.8 \u2013 4.5Mt at 0.28 \u2013 0.36% Ni has been identified within 40m of historical drilling. Substantial resource upside of more than 6.5Mt has been identified within 100m of historical drilling.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 10pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">Approximately two thirds of the Blue Sky zone to be tested during phase 1 drilling, targeting the most prospective areas over an area of 720m in strike and 320m in width.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<li style=\"margin-bottom: 8px; text-align: left; margin-left: 8px; font-size: 10pt; line-height: 115%;\">\n\t\t<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Drilling to target the <\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"color: black;\">shallowest mineralisation in the Blue Sky areas which is potentially amenable to low cost, open pit mining.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><\/li>\n<\/ul>\n<p style=\"margin-bottom: 8px;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">The 100% owner and manager of the Hautalampi Project, VHOy, have informed the Company that a diamond drill rig and crew are scheduled to arrive at the site on Monday 13<br \/>\n<sup>th<\/sup> July with drilling to commence immediately. The drilling contractor, Northdrill Oy,<br \/>\n<a href=\"https:\/\/www.northdrill.fi\/en\" target=\"_blank\" rel=\"noopener noreferrer\">www.northdrill.fi\/en<\/a> is an experienced operator in Finland and previously worked on the project in 2017-2018.<br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"font-size: 12pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<i><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">\u2013 We are incredibly pleased and satisfied for this smooth and quick start-up of the drilling campaign at Hautalampi, said Roberto Garc\u00eda Mart\u00ednez, CEO&nbsp;of Eurobattery Minerals<br \/>\n<i>. Desktop studies of historical drilling and the geological model has recognised the area for resource expansion is greater than previously identified. This is an exciting time for both companies as we fast-track the project to production and we look forward to seeing the results of the drilling over the coming months.<\/i><br \/>\n<\/span><\/span><\/i><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"margin-bottom: 8px;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">The Project<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><\/p>\n<p style=\"margin-bottom: 4px;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">The Hautalampi Project is located at the same site as the famous Keretti (Outokumpu) copper mine (Figure 1). Approximately 28.5Mt @ 3.8% Cu was mined at Keretti from 1912 \u2013 1989. The Hautalampi Ni-Co-Cu orebody is located parallel and above the exploited copper deposit. Existing surface and underground infrastructure, including a high voltage power line, concrete foundations and roads, provide significant location advantages to the project. Approximately \u20ac10-15M has been invested in Hautalampi by previous owners, including 22,000m of core drilling, a decline and additional underground mine development works (2,100m), mineral resource and reserve estimates, multiple mineral processing studies and a feasibility study. Previous investment enables VHOy and BAT to fast-track the project to an updated feasibility study status.<br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"text-align: center;\">\n\t<img decoding=\"async\" data-src=\"https:\/\/mb.cision.com\/Public\/12124\/3151117\/b62cac839a921dd2_800x800ar.jpg\" alt=\"\" width=\"580\" height=\"400\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 580px; --smush-placeholder-aspect-ratio: 580\/400;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<i><br \/>\n<span style=\"font-size: 10pt;\">Figure 1. Location map of Hautalampi Project, eastern Finland.<\/span><br \/>\n<\/i><br \/>\n<\/span><\/p>\n<p style=\"margin-bottom: 8px;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Drilling Programme<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><\/p>\n<p style=\"margin-bottom: 8px;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">The phase 1 drilling programme has been planned to cover approximately two thirds of the prospective Blue Sky zone. Approximately 45 \u2013 50 drill holes have been planned for 4,500 \u2013 5,000m (Figure 2). Drilling will be undertaken by Northdrill Oy, an experienced contractor with substantial experience in the project area. The drill rig is well conditioned to operate year round, including winter (Figure 3). Drilling rates are anticipated to be approximately 1,500m per month. The Company plans to mobilise additional drill rigs to expedite the completion of phase 1 drilling.Drill holes will be spaced along sections to infill the historical drilling which was completed on 80m sections, thereby providing total coverage at 40m section spacing. Each drill hole will be spaced at 40m within each section. The mineralised horizons in the zones being targeted are relatively shallow and appear to have the most promising metal grades. Drill holes will be angled at approximately -80\u00b0 to intersect the lodes perpendicular. Drill hole depths will range from 50 \u2013 190m, with an average depth of approximately 110m<br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"text-align: center;\">\n\t<img decoding=\"async\" data-src=\"https:\/\/mb.cision.com\/Public\/12124\/3151117\/a8bfa2f07390cc2f_800x800ar.jpg\" alt=\"\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\"><br \/>\n<span style=\"font-size: 11pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<i><br \/>\n<span style=\"font-size: 9pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Figure 2. Plan view of Mineral Resource and Blue Sky zones highlighting proposed drillhole collar locations (red dots).<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/i><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"text-align: center;\">\n\t<img decoding=\"async\" data-src=\"https:\/\/mb.cision.com\/Public\/12124\/3151117\/b9b7bcbcddcbacb5_800x800ar.jpg\" alt=\"\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<i><br \/>\n<span style=\"font-size: 9pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\">Figure 3. Northdrill Oy drill rig manufactured to operate year round in Finland.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/i><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"font-size: 12pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">For further information, please contact:<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">Roberto Garc\u00eda Mart\u00ednez, CEO&nbsp;<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"font-size: 12pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">E-mail: <\/span><br \/>\n<\/span><br \/>\n<a style=\"color: blue; text-decoration: underline;\" href=\"mailto:roberto@eurobatteryminerals.com\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">roberto@eurobatteryminerals.com<\/span><br \/>\n<\/span><br \/>\n<\/a><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"font-size: 12pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">Website: <\/span><br \/>\n<\/span><br \/>\n<a style=\"color: blue; text-decoration: underline;\" href=\"https:\/\/investors.eurobatteryminerals.com\/\/en\/\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">https:\/\/investors.eurobatteryminerals.com\/\/en\/<\/span><br \/>\n<\/span><br \/>\n<\/a><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"font-size: 12pt;\"><br \/>\n<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<strong><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">About Eurobattery Minerals<\/span><br \/>\n<\/span><br \/>\n<\/strong><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">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 Finland, Spain and Sweden. The Company has one mining licence and eight exploration licences. The headquarters are located in Stockholm.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n<p style=\"font-size: 12pt;\">\n\t<span style=\"line-height: 115%;\"><br \/>\n<span style=\"font-family: times new roman,times;\"><br \/>\n<span style=\"font-size: 10pt;\"><br \/>\n<span style=\"line-height: 115%;\">Augment Partners AB, e-mail: info@augment.se, phone: +46 8&nbsp;505&nbsp;651 72, is the company\u2019s Mentor.<\/span><br \/>\n<\/span><br \/>\n<\/span><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurobattery Minerals AB (Nordic Growth Market: &#8220;BAT&#8221;; \u201cthe Company\u201d) a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, today announces that Vulcan Hautalampi Oy (\u201cVHOy\u201d) is about to commence drilling at the Hautalampi nickel (Ni), cobalt (Co), copper (Cu) project (\u201cHautalampi\u201d; \u201cthe project\u201d) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[32,34],"tags":[28],"class_list":["post-2522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","category-regulatory","tag-hautalampi-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DRILLING TO COMMENCE AT THE HAUTALAMPI PROJECT, FINLAND | Eurobattery Minerals Investor Relations<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/investors.eurobatteryminerals.com\/en\/press-releases\/drilling-to-commence-at-the-hautalampi-project-finland\/\" \/>\n<meta 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