Grit Metals Reports Widespread Gold and Copper on Its Central Lapland Greenstone Belt Gold Project in Northern Finland
Grit Metals (TSXV: FIN) has reported results from its inaugural gold exploration campaign in the Central Lapland Greenstone Belt (CLGB) of Northern Finland. The company collected 466 rock chip grab samples across its 41,000-hectare property, with 40 samples yielding between 0.1 to 2.84 g/t gold and copper values up to 1.67%.
The exploration focused on a 30 km corridor of faults and geological features, marking the first-ever gold exploration in this area. The mineralization typically consisted of quartz vein or quartz stockworks with variable amounts of pyrite-pyrrhotite-chalcopyrite-magnetite, showing a strong correlation between gold and copper content.
Grit Metals (TSXV: FIN) ha riportato i risultati della sua prima campagna di esplorazione dell'oro nel Central Lapland Greenstone Belt (CLGB) nel nord della Finlandia. L'azienda ha raccolto 466 campioni di roccia su una proprietà di 41.000 ettari, con 40 campioni che hanno fornito valori compresi tra 0,1 e 2,84 g/t di oro e valori di rame fino a 1,67%.
L'esplorazione si è concentrata su un corridoio di 30 km di faglie e caratteristiche geologiche, segnando la prima esplorazione dell'oro mai effettuata in quest'area. La mineralizzazione consisteva tipicamente in vene di quarzo o stockworks di quarzo con variabili quantità di pirite-pirrotite-calcopirite-magnetite, mostrando una forte correlazione tra il contenuto di oro e rame.
Grit Metals (TSXV: FIN) ha informado sobre los resultados de su primera campaña de exploración de oro en el Central Lapland Greenstone Belt (CLGB) en el norte de Finlandia. La empresa recolectó 466 muestras de rocas en su propiedad de 41.000 hectáreas, con 40 muestras que arrojaron entre 0.1 y 2.84 g/t de oro y valores de cobre de hasta 1.67%.
La exploración se centró en un corredor de 30 km de fallas y características geológicas, marcando la primera exploración de oro en esta área. La mineralización consistió típicamente en vetas de cuarzo o stockworks de cuarzo con cantidades variables de pirita-pirrotita-calcopirita-magnetita, mostrando una fuerte correlación entre el contenido de oro y cobre.
Grit Metals (TSXV: FIN)는 북부 핀란드의 Central Lapland Greenstone Belt (CLGB)에서 첫 번째 금 탐사 캠페인의 결과를 보고했습니다. 이 회사는 41,000헥타르의 부지에서 466개의 암석 샘플을 수집했으며, 40개의 샘플에서 0.1에서 2.84 g/t의 금과 최대 1.67%의 구리 값을 창출했습니다.
탐사는 30km의 단층과 지질적 특징을 중심으로 진행되었으며, 이 지역에서 처음으로 수행되는 금 탐사였습니다. 광물화는 일반적으로 피라이트-피로티타-칼코파이레이트-자철광이 포함된 석영 맥이나 석영 스톡워크로 구성되었으며, 금과 구리 함량 간의 강한 상관관계를 보여주었습니다.
Grit Metals (TSXV: FIN) a publié les résultats de sa première campagne d'exploration aurifère dans la ceinture de schistes verts de Central Lapland (CLGB) dans le nord de la Finlande. L'entreprise a collecté 466 échantillons de roche sur sa propriété de 41 000 hectares, dont 40 échantillons ont donné des valeurs comprises entre 0,1 et 2,84 g/t d'or et des valeurs de cuivre allant jusqu'à 1,67%.
L'exploration s'est concentrée sur un corridor de 30 km de failles et de caractéristiques géologiques, marquant la première exploration aurifère jamais effectuée dans cette région. La minéralisation consistait généralement en veines de quartz ou en stockworks de quartz avec des quantités variables de pyrite-pyrrhotite-chalcocite-magnétite, montrant une forte corrélation entre le contenu en or et en cuivre.
Grit Metals (TSXV: FIN) hat die Ergebnisse seiner ersten Goldexplorationskampagne im Central Lapland Greenstone Belt (CLGB) im Norden Finnlands veröffentlicht. Das Unternehmen hat 466 Gesteinsproben auf seinem 41.000 Hektar großen Grundstück gesammelt, wobei 40 Proben Werte zwischen 0,1 und 2,84 g/t Gold und Kupferwerte von bis zu 1,67% ergaben.
Die Exploration konzentrierte sich auf einen 30 km langen Korridor aus Verwerfungen und geologischen Merkmalen und markiert die erste Goldexploration in diesem Gebiet. Die Mineralisierung bestand typischerweise aus Quarzadern oder Quarzstockwerken mit variablen Mengen an Pyrit-Pyrrhotit-Kupferkies-Magnetit und zeigte eine starke Korrelation zwischen Gold- und Gehalt an Kupfer.
- Discovery of widespread gold and copper mineralization over 25 km distance
- 40 rock samples showed significant gold content (0.1 to 2.84 g/t)
- 71 samples revealed copper content up to 1.67%
- Project location in proximity to major gold deposits (Ikkari 4.1M oz)
- First-mover advantage in previously unexplored area
- Early-stage exploration with no proven resources yet
- Gold grades relatively low compared to operating mines in the region
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Grit Metals (TSXV: FIN) (FSE: K9T) ("Grit" or the "Company") is pleased to report the results from its inaugural reconnaissance gold exploration campaign in the Central Lapland Greenstone Belt (CLGB) of Northern Finland.
Key Takeaways:
- Widespread anomalous gold and copper mineralization over a distance of greater than 25 km along numerous throughgoing faults, domain boundaries and unconformities, considered favourable sites for gold mineralization
- A total of 466 rock chip grab samples were collected and submitted to ALS Laboratories for assaying
- 40 rock samples assayed between 0.1 to 2.84 grams per tonne (g/t) gold and
0.1% to1.67% copper
- No documented history of previous gold exploration or gold occurrences
- Preliminary results indicate proof of concept, i.e. that there is potential gold endowment
Figure 1. Central Lapland Greenstone Belt Gold Project Location
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The company conducted a 2-month campaign of reconnaissance prospecting and geological mapping during summer and fall 2024. The main target area was a 30 km long corridor of faults and favourable geological features which may extend from the more prolific central portion of the CLGB which has seen extensive gold exploration and where significant gold deposits and prospects occur (eg., the 4.1 million ounce Ikkari gold deposit owned by Rupert Resources; and the Aamurusko/Notches/Launi gold projects owned by Aurion Resources).
The company's strategy was to prospect areas interpreted as faults and/or favourable geological contacts or features seen as having potential to host gold mineralization. It is important to note that this area had no previously known gold occurrences or history of gold exploration prior to Grit's work here.
The company collected 466 rock samples over the approximately 41,000-hectare property, with a main focus on an approximate 25-30 km corridor interpreted to have the best potential. Of the 466 samples, 40 assayed greater than 0.10 g/t Au including 11 that assayed greater than 0.5 g/t Au and 5 that assayed greater than 1.00 g/t Au up to a maximum of 2.84 g/t Au. Additionally, 71 samples assayed greater than
Figure 2: Rock sample gold assays, Central Lapland Gold Project
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Figure 3: Rock sample copper assays, Centra Lapland Gold Project
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Discussion
The Paleo-Proterozoic Greenstone Terrane of Northern Finland is comprised of multiple greenstone belts including the CLGB which hosts world-class gold (eg Kittila Deposit, owned by Agnico Eagle and Ikkari Deposit, owned by Rupert Resources) and base metal deposits (eg Kevitsa owned by Boliden and Sakatti owned by Aglo-American). The belt's potential is also suggested by the presence of several major mining companies in the belt. The belt has very recently garnered significant interest following an offer from Rupert Resources to buy B2Gold's
The company's projects occur in an underexplored part of the CLGB but are underlain by favourable host rocks of the CLGB and numerous throughgoing faults, domain boundaries and unconformities, considered favourable sites for gold mineralization. Ikkari occurs adjacent to a domain boundary. Preliminary reconnaissance prospecting has identified gold and/or copper occurrences locally on the company's licences.
Jeremy Poirier, the Company's Chief Executive Officer, commented, "We are super excited to initiate gold exploration field programs on our Northern Finland project portfolio. The recent surge of interest in the belt highlighted by Rupert Resources offer to acquire B2Gold's
QA/QC Statement
Samples were submitted to ALS Laboratories in Sodankyla Finland. ALS inserted internal standards, blanks and pulp duplicates within each sample batch as part of their own internal monitoring of quality control protocols. Grit Metals monitors precision and bias performance by inserting certified gold standards (Oreas-285 and Oreas-287) as well as blanks into each batch submitted to ALS at a rate of 1:20. Gold was analyzed by standard fire assay (AAS) and the major element oxides and trace elements were analysed by ALS analytical package ME-MS61L involving multi-acid digestion followed by ALS's super trace ICP-MS methodology. QAQC results to date do not indicate any analytical accuracy issues with all standards returning gold values within 3 standard deviations of their certified mean and blanks returning expected values.
Mike Basha, P.Eng., P.Geo. (NL), VP Exploration of European Energy Metals Corp., a Qualified Person as defined by National Instrument 43-101, has prepared this press release and compiled the results discussed herein.
About Grit Metals Corp.
Grit Metals Corp. is a junior mining company currently focussed on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. Governing bodies in Europe and Finland are legislating environmentally friendly and energy independent laws and policies. One of the key components is access to REE and, specifically, lithium. The company's exploration licenses are located within 1 kms of the Keliber mine and production complex, currently under construction and expected to begin production in H2 2025.
An estimated €600 million investment by Keliber's parent company Sibanye-Stillwater Limited (NYSE:SBSW) in partnership with the Finnish Minerals Group (www.mineralsgroup.fi) is underway in the Kaustinen Region and will see the development of open-pit and underground mining from several deposits, construction of a central spodumene concentrator plant and a lithium hydroxide chemical plant at tidewater in Kokkola. When completed, this complex will comprise a complete hard-rock spodumene pegmatite lithium supply chain (source: www.sibanyestillwater.com).
The Company also has several 100 percent owned precious metals projects in Northern Finland. They are located in the Paleo-Proterozoic Greenstone Terrane of Northern Finland comprised of multiple greenstone belts including the CLGB which hosts world-class gold (eg Kittila Deposit, owned by Agnico Eagle and Ikkari Deposit, owned by Rupert Resources) and base metal deposits (eg Kevitsa owned by Boliden and Sakatti owned by Aglo-American). The belt's potential is also suggested by the presence of several major mining companies in the belt. The belt has very recently garnered significant interest following an offer from Rupert Resources to buy B2Gold's
FOR FURTHER INFORMATION PLEASE CONTACT:
Jeremy Poirier, CEO
Telephone: 604-722-9842
Email: info@europeanenergymetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the presence of lithium mineralization at, and the exploration and development potential of, the Finland Pegmatite Project. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. All such forward-looking information is based on certain assumptions and analyses made by the Company in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Important factors that could cause actual results to differ from this forward-looking information include the costs of any anticipated work programs and the ability to fund such costs, required approvals in connection with any work programs and the ability to obtain such approvals, risks inherent in exploration as well as those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward-looking information contained in this news release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information.
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FAQ
What gold grades did Grit Metals find in its Central Lapland exploration?
How many rock samples did Grit Metals collect in their Finland exploration?
What is the size of Grit Metals' exploration area in Finland?
What copper grades were found in Grit Metals' Finland exploration?
