TIRANA (Albania), June 1 (SeeNews) – Canada-based European Electric Metals Inc. said it has completed a compilation of historic drilling results in Rehova copper mine in Albania in order to prepare a 3D model of the mine.
The completion of data compilation is of significant importance as it will allow the 3D modelling of the geology, mineralization and copper grades of the mine's deposits, the European Electric Metals said in a statement late on Thursday.
The technical team of the company has collected drilling information from 672 drill holes that included copper assays of 4,737 samples.
“The data validation is expected to be completed this week and turned over to Wood Canada in Vancouver (formerly AMEC Foster Wheeler) who will prepare a 3D model consisting of the hanging wall, footwall, massive sulphide, and copper grade domains,” the company said.
In February 2017, the company received a 25-year mining licence from Albania’s energy ministry to operate the Rehova copper mine located in the southeastern region of Korca.
On May 14, the company said it has completed the initial phase of drilling in Rehova copper mine.
Rehova copper mine has four deposits: BG, Kanisqel, Ciflig and DT. These are surrounded by exploration areas of interest that have not yet been systematically tested using modern exploration techniques and technology.
“Prior to the start of production in 1980, the Albanian Geological Survey had defined combined mineralization in the four deposits of 3.43 million tons grading 2.17% copper and by the time operations stopped in 1990, reported 2.87 million tons grading 2.14% copper remaining.”
The company commenced drilling at its Rehova copper project in February 2018.
European Electric Metals Inc. is a Canadian listed public company with projects in Europe. The European Bank for Reconstruction and Development is the largest shareholder of the company with its ownership of 27.56% of the outstanding shares.
European Electric Metals says its goal 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 changed its name to European Electric Metals Inc. from Tirex Resources Ltd in January to reflect its focus on high grade battery and electrification metals within a European setting.