Eurobattery Minerals AB, a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, has been informed about the next steps for FinnCobalt Oy’s granted reservation permit for the Hietajärvi project with fieldwork starting this summer. Eurobattery Minerals has the option to acquire 100% of FinnCobalt Oy in a staged acquisition.
“I am very pleased that we now are ready for the fieldwork in our new Finnish battery minerals project in Hietajärvi. We know since earlier activity in the area that the mineral potential is good, investigations this summer will give us hands-on indication for the prospectivity of the project,” said Roberto García Martínez, CEO of Eurobattery Minerals.
During the winter months, FinnCobalt has reviewed historical exploration data from its 290 km2 Hietajärvi reservation area. The area is already known to include two Outokuputype mineral deposits:
- Hietajärvi: 0.341 million t at 0.71 % copper, 0.15 % cobalt, 0.18 % nickel.
- Kettukumpu: 0.4 million t at 0.44 % copper, 0.07 % cobalt and 0.18 % nickel.
Together with the Geological Survey of Finland, FinnCobalt and its consultants have used novel technology and prepared a new prospectivity map of the area. During the coming field season, FinnCobalt will do field-work on the previously unknown exploration targets generated in the area.
Read the article online at: https://www.globalminingreview.com/exploration-development/25062021/eurobattery-minerals-announces-start-of-fieldwork-at-hietajrvi-project/
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