Thursday, December 7, 2023

Vancouver, British Columbia based European Energy Metals (TSXV: FIN) (FSE: W28) reported 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).  

According to the release, 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.

"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."

European Energy Metals Corp. is a junior mining company currently focused on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland.

Shares are trading unchanged at 36 cents

Industry Competitors: Albemarle (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), American Lithium Corp. (NASDAQ: AMLI) (TSXV: LI) and Piedmont Lithium (NASDAQ: PLL)