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Jouhineva (Co-Cu-Au),

100% EUC, Finland

High Grade Cobalt-Copper From Surface, 

119 Diamond Drill Holes for 14,000m completed

  • Multiple significant diamond drilling results including:

    • KJ-JO-057: 5.55m at 1.19% Co from 23m

      • Including: 0.45m at 5.63% Co, 4.7g/t Au from 23m & 0.70m at 4.04% Co from 24.65m

    • KJ-JO-034: 2.6m at 1.0% Co and 1.9g/t Au from 41.45m

      • Including: 0.65m at 2.77% Co, 2.5 g/t Au from 41.45m

    • KJ-JO-097: 5.8m at 0.65% Co from 184.1m

      • Including: 2m at 1.15% Co, 1.2% Cu from 185.1m

    • KJ-JO-112: 2.1m at 0.66% Co, 4.94% Cu & 4.45g/t Au from 42.1m

    • KJ-JO-047: 1.25m at 1.11% Co from 244.9m

    • KJ-JO-114: 0.95m at 0.85% Co & 5.13% Cu from 45.5m

    • KJ-JO-058: 3.5m at 0.52% Co from 26.8m

    • KJ-JO-015: 2.3m at 0.28% Co, 5.46% Cu & 6.58g/t Au from 21.1m

    • KJ-JO-031: 1m at 0.59% Co & 7.67% Cu from 30.8m

    • KJ-JO-061: 0.65m at 1.98% Co from 371.7m

  • The drilling surrounding and along strike from the location of trial open pit was completed on an average spacing of 20m sections with 25m between holes on section. 

  • Trial mining was conducted by Outokumpu in 1984 whereby 6,250t of material was excavated. 

  • Two processing facilities located 49km and 103km from the Project

  • Project is located 70km from Freeport Cobalt’s Kokkola Cobalt Refinery (Glencore/Lundin Mining JV)

  • Reconnaissance scout drilling to the north east of the trial open pit was conducted similarly on 20m sections.  Only three of the drill sections had two or more holes completed.  Results from scout drilling include:

    • KJ-JO-057: 1.7m at 1.95% Co from 24.65m (Not assayed for copper)

Location

The Jouhineva Project (“the Project”) is located in Northern Ostrobothnia region of Finland.  The village of Rautio is located proximal to the Project. The port cities of Kokkola and Oulu are about 70 and 140 km away respectively. The Ylivieska and Kannus railway stations in the railway link between Helsinki and Kolari are both within a 25 km radius of the village of Rautio.  The current dominant land use of the region is agricultural and forestry.

Two processing plants are located proximally to the Project: Hitura Mine (49 km) & Pyhäsalmi Mine (103 km).  In addition, the Project is located 70km from Freeport Cobalt’s Kokkola Cobalt Refinery (Glencore/Lundin Mining JV).

Geology & Mineralisation

The Jouhineva mineralisation consists of a set of sub-parallel lodes hosted within a meta-andesite.  The lodes are sub vertical and have a north westerly trend.  Mineralisation ranges in thickness between 0.5m and 5m.  Distinct metal zonation both along strike and at depth is noted to occur.  Common metal associations include Cu - Co ± Au ± Ag, Cu-Au, Co and Au.

Historical Exploration & Mining

Outokumpu initially discovered the polymetallic mineralised system in 1979 through copper-gold anomalies identified in till sampling.  Drill testing of a coincident EM (Electromagnetic) and till geochemical anomaly validated the target potential in 1980.  Trial mining was conducted in 1984 whereby 6,250t of material was excavated.

A total of 119 diamond drill holes for 14,000 m of drilling completed across the Project between 1980 and 1998 by Outokumpu.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The drilling surrounding and along strike from the location of trial open pit was completed on an average spacing of 20m sections with 25m between holes on section. 

Reconnaissance scout drilling to the north east of the trial open pit was conducted similarly on 20m sections.  Only three of the drill sections had two or more holes completed.  Results from scout drilling include:

  • KJ-JO-057: 1.7m at 1.95% Co from 24.65m (Not assayed for copper)

Analysis was completed consistently for cobalt, copper, gold, silver and more sporadically for sulphur and arsenic.  A comprehensive geological database has been compiled based on the available information from Outokumpu’s historical reports.  Additional information is currently been translated from Finnish to English and will be released to market upon completion.