European Electric Metals Inc. (TSX-V:EVX) (OTC PINK:EVXXF) ("EVX" or "Company") is pleased to report that the Company’s geologists are on site collecting samples from the Skroska cobalt-nickel laterite mine.
The samples will be taken from several sampling points that were previously sampled during the Company’s Phase 1 underground sampling program (see news release dated January 28, 2019 on the Company’s website) and expected to be completed within the week. Of the samples collected, 30 kgs will be sent to a R&D laboratory of a company operating a High Pressure Acid Leach (HPAL) plant in the next 15 days. The laboratory will test for the amenability of the Skroska nickel-laterite to HPAL. HPAL is a commercially proven process for recovery of cobalt and nickel from nickel laterite.
EVX Chief Executive Officer and Director, Fred Tejada, states, “Initial work underground by EVX generated impressive nickel and cobalt assay results and the metallurgical testing now represents the next step in advancing the project. Our team is onsite and working underground on this sampling program and we look forward to the results of this testing.”
The Company also wishes to announce that George Gorzynski has resigned as a Director while remaining as an Advisor. The Company thanks Mr. Gorzynski for his invaluable services during the last twelve years and is pleased that he will continue his role as an Advisor as we work to advance Skroska.
Jose Mario Castelo Branco, EuroGeol, a Qualified Person under the meaning of Canadian National Instrument 43-101 and Chief Geologist of the Company, is responsible for the technical content of this news release.
On behalf of the Company
Fred Tejada, Chief Executive Officer and Director
About European Electric Metals Inc.
European Electric Metals is a Canadian-listed public company with projects in Europe. The goal of European Electric Metals is to become a major source of battery metals such as copper, nickel and cobalt, and the company seeks to do so within safe, stable and logistically attractive European jurisdictions. The company's projects are ideally located with excellent road, port and grid power availability, and near European countries that are poised to experience dramatic growth in the electric vehicle manufacturing industry.
Forward-Looking Statements. This news release may contain "forward-looking" statements and information relating to the Company and its projects that are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, community relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors, governmental regulations and oversight, permitting, seasonality and weather, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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