European Energy Metals has initiated its 2024 field exploration programs across its extensive land holdings in Finland. The company, listed on TSXV and FSE, holds approximately 250,000 hectares of Exploration Reservations and 4,500 hectares of Exploration Licenses (EL) for Lithium-Cesium-Tantalum (LCT) Pegmatites.
The exploration program will include detailed prospecting, geological mapping, selective trenching, ground magnetic geophysics, and Base-of-Till (BoT) sampling to identify targets for diamond drilling in the fall. The exploration budget is fully funded from the company’s existing treasury.
Field crews are building on the results from the 2023 exploration program, which discovered widespread lithium-rich spodumene-bearing pegmatite mineralization. Notably, the Kyrola Prospect, a 350m by 110m spodumene-bearing pegmatite boulder field, yielded 49 rock chip samples with assays ranging from 3.84% Li2O to 0.003% Li2O. Fifteen of these samples exceeded 0.50% Li2O, with an average assay of 0.53% Li2O.
In addition to lithium exploration, European Energy Metals will conduct gold exploration on its Northern Finland portfolio. The company holds five Mineral Reservations covering approximately 300,000 hectares in the Central Lapland Greenstone Belt (CLGB), which hosts significant gold and base metal deposits. Recent industry interest includes Rupert Resources’ offer to acquire B2Gold’s 70% interest in a joint venture adjacent to Rupert’s Ikkari Deposit for CAN$102 million.
The company’s projects, located in an underexplored part of the CLGB, are believed to have significant potential due to favorable host rocks and structural settings. Preliminary reconnaissance prospecting has identified local occurrences of gold and copper.
Jeremy Poirier, CEO of European Energy Metals, expressed excitement about the exploration programs, noting the surge in interest in the belt and the potential within their Northern Finland portfolio. The exploration efforts will be led by VP Exploration Mike Basha, who has extensive experience in the CLGB as the founder and former CEO and President of Aurion Resources.
Additionally, the company has granted 400,000 incentive stock options, including 100,000 options to Mike Basha. These options are exercisable at $0.36 for a period of five years. 
