· A new drilling campaign starting in June 2021 will target the Castriz prospect zone. Castriz is one of three primary prospects in the larger Corcel project in Spain, together with Monte Mayor and Monte Castello.
Eurobattery Minerals AB (Nordic Growth Market: "BAT"; "the company"), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in ethical battery minerals, hereby announces the start of a new drilling campaign as part of its Spanish Corcel project. The new drilling campaign will target the Castriz prospect zone. Castriz is one of three primary prospects in the larger Corcel project, together with Monte Mayor and Monte Castello. The aim of the drilling campaign is to obtain an estimate of inferred resources, as stipulated in the JORC code. The drilling campaign and the JORC resource estimate will be finalised in December 2021. The Corcel project is located in northwest Spain, some 50 kilometres from the city of La Coruña.
"I am excited about the start of the new drilling campaign in our Spanish battery minerals project. We already know that the Corcel project has significant potential. This year's drilling and subsequent JORC will give us a more precise calculation of the ore potential. With this in hand, we will be able to take the next step in preparing for an open-pit mine for European-mined battery minerals, which is our objective in Corcel," says Roberto García Martínez, CEO of Eurobattery Minerals.
The drilling campaign will begin in June and be finalised in December 2021, with a target of carrying out new drilling totalling approximately 1,000 metres. The aim of the new campaign is to define an accredited resource estimation using the JORC code. The code sets out the minimum standards, recommendations and guidelines for estimating and public reporting of exploration results, mineral resources and ore reserves.
The results from the analytical method utilised by ALS Global (ME-ICP09) confirmed that 75-85% of the nickel in the samples submitted is attributable to nickel sourced from economic sulphide minerals.
The mineral studies conducted by SGS Lakefield in Canada (QEMSCAN and EPMA) determined the predominant Ni-sulphide mineral pentlandite with very minor millerite and violarite. Silicate minerals, iron oxides and chromite contain relatively low nickel concentrations.
The 2021 drilling works will focus on the "western anomaly," in the vicinity of the DDH COR003 (19DD0001), where the company's previous exploration activities recorded soil anomalies up to 0.33% Ni coincident, with an increase in the magnetic response of the underlying rocks. The DDH COR003 (19DD0001) confirmed the source of the anomaly in this area with an average grade of 69m
Image 1. Work area during 2021
The leading infrastructure contractor GEONOR will perform the drilling campaign. GEONOR previously drilled the 2019 diamond drill holes in the Corcel project and is thus familiar with the characteristics of the terrain to be drilled during this campaign.
For further information, please contact:
Roberto García Martínez, CEO
This information is such that the company is required to disclose in accordance with the EU's Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above at 8:30 a.m. CEST on June 15, 2021.
About Eurobattery Minerals
Eurobattery Minerals AB is a Swedish mining company listed on NGM Nordic SME (BAT) and Börse Stuttgart (EBM). As the foundation of the battery value chain, the company's vision is to help Europe become self-sufficient in ethical and fully traceable battery minerals for the electric vehicle industry. The company is focused on exploration and development of several nickel-cobalt-copper projects in Europe to supply sustainably mined raw materials critical to the rapidly growing battery market.
Please visit www.eurobatteryminerals.com for more information.
Augment Partners AB, e-mail:
 Mineral tests confirm economical grade nickel sulphide at Corcel, Press release 20 September 2020