Euro Battery Minerals announced that its partner FinnCobalt Oy was granted a new reservation covering the Varislahti prospect, prospective for Outokumpu-type deposits. The new reservation, located only 10km west of the company’s flagship Hautalampi project, already contains a historical defined Mineral Resource (Riihilahti deposit = 0.7 Mt @ Cu 0.72 %, Co 0.09 %, Ni 0.03 %, Zn 0.09 %, Au 0.3 ppm, Ag 6 ppm) as well as historic drilling with interesting battery metal grades (Drill hole: Usi-11: 8.6m @ 0.23% Cu, 0.25%Co, including 1.25m @ 0.46% Cu and 0.61% Co). Initial work at the new project will include the compiling of existing geological information to prepare an exploration plan.
New exploration reservation in relation to the Hautalampi project (Source: www.eurobatteryminerals.com)
