The Oijärvi Extension is an exploration “reservation” in Finland that covers a 25 kilometer long extension of the Oijärvi Greenstone Belt, where Gold Line recently announced the acquisition of the Oijärvi Gold Project from Agnico Eagle Mines Ltd .
A total of 217 holes have been drilled in the broader Oijärvi greenstone belt outside of Kylmäkangas with an average depth of ~150 meters.
The Oijärvi Gold Project is a 1,641 hectare advanced exploration project located approximately 350 kilometers , very similar to those found elsewhere in Finland and in the Canadian Shield.
Notably, reconnaissance drilling 1.8 km to the southwest of the Kylmäkangas deposit also intersected gold mineralization in the same stratigraphic position as Kylmäkangas with little to no drilling in between.
Together with the Oijärvi Gold Project and the newly acquired Oijärvi Extension Property, Gold Line now wholly controls an emerging gold belt in Finland, with EMX strengthening its position as both a strategic shareholder in Gold Line and royalty holder on the assets.
EMX has not performed sufficient work to verify the projects’ historical drill results and the Kylmäkangas historical resource estimate, but considers this information as reliable and relevant based upon independent field review, including inspection and resampling of historical drill core.
Jensen, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
EMX’s investors are provided with discovery, development, and commodity price optionality, while limiting exposure to risks inherent to operating companies.
When used in this news release, words such as “estimate,” “intend,” “expect,” “anticipate,” “will”, “believe”, “potential”, “upside” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause the Company’s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company’s MD&A for the year ended December 31, 2020 for the year ended December 31, 2020, actual events may differ materially from current expectations.
See Agnico News Release dated February 13, 2013: Agnico-Eagle Reports Fourth Quarter and Full Year 2012 Results; Record Annual Production and Operating Cash Flows; Provides Three Year Production Guidance and Reserve and Resource Update; also unpublished Agnico Eagle – Kylmäkangas Au-Ag Mineralization Prospectus Report, effective date July 15, 2019.
New Age Metals is a green metals, mineral exploration company focused on the exploration and development of platinum group metals and lithium.