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Electric Metals Announces High-Grade Intercepts up to 48.5% Mn (62.6% MnO)(1) in First Drill Results From the Emily Manganese Project Minnesota, USA

Electric Metals Announces High-Grade Intercepts up to 48.5% Mn (62.6% MnO)(1) in First Drill Results From the Emily Manganese Project Minnesota, USA

Electric Metals在美国明尼苏达州艾米丽锰矿项目的首次钻探结果中宣布高达48.5%(62.6%mNO)(1)的高品位截距
Accesswire ·  2023/06/27 20:45

Drilling highlights from the first two diamond drill holes include2:

前两个金刚石钻孔的钻孔亮点包括2:

  • 32.1 metres of 17.67% Mn from 106m including 4.3m of 44.47% Mn from 110.6m
  • 34.9 metres of 21.19% Mn from 59.9m including 6.1m of 43.42% Mn from 66.0m
  • 13 of the intercepts assayed above 40% Mn (51.6% MnO).
  • 来自 106m 的 17.67% Mn 的 32.1 米,包括来自 110.6 米的 44.47% Mn 中的 430m
  • 34.9 米从 59.9 米处获得 21.19% Mn,包括 660m 的 43.42% Mn 中的 610 万米
  • 其中 13 次拦截的检测值超过 40% Mn(51.6% mNO)。

TORONTO, ON / ACCESSWIRE / June 27, 2023 / Electric Metals (USA) Limited ("EML" or the "Company") (TSXV:EML)(OTCQB:EMUSF) is pleased to announce first assay results of the inaugural drill program at the high-grade Emily Manganese Project ("Emily Project"), Minnesota, USA. The Emily Project is located in the Cuyuna Iron Range of central Minnesota, USA (Figure 1), an area with a rich mining history and support from established local infrastructure, a skilled mining workforce and abundant power and gas.

安大略省多伦多/ACCESSWIRE/2023 年 6 月 27 日/ Electric Metals(美国)有限公司(“EML” 或 “公司”)(多伦多证券交易所股票代码:EML)(OTCQB: EMUSF)很高兴地宣布美国明尼苏达州高品位艾米丽锰矿项目(“Emily Project”)首个钻探项目的首次化验结果。Emily Project 位于美国明尼苏达州中部的库尤纳铁岭(图 1),该地区拥有丰富的采矿历史,并得到了成熟的当地基础设施、熟练的采矿劳动力以及充足的电力和天然气的支持。

Figure 1. The Emily Project is part of the Emily District of the Cuyuna Iron Range in Crow Wing County

图 1。Emily Project 是 Crow Wing County 库尤纳铁岭艾米丽区的一部分

Drill core has been logged, sampled and forwarded to the ALS laboratory, Reno, Nevada, for analyses. Assay results of samples from the initial two diamond drill holes, 23001A and 23002A, have been received from ALS, as reported below.

钻芯已被记录、采样并转交给内华达州里诺的ALS实验室进行分析。如下文所述,已经从ALS收到了最初两个金刚石钻孔(23001A和23002A)样品的化验结果。

1 EML reports assayed manganese, not manganese oxide (MnO). For reference, 48.5% Mn converts to 62.6% MnO.
2 Intervals shown are drilled widths.

1 EML 报告称,分析的是锰,而不是氧化锰 (mNO)。作为参考,48.5% 的 Mn 转换为 62.6% 的 mNO。
2 显示的间隔是钻孔宽度。

Each drill hole intersected intervals of more than 30m of high-grade manganese oxides plus iron mineralization3 with average manganese content of more than 17% Mn (22% MnO). Each hole also included zones with manganese grades exceeding 40% Mn (51.6% MnO). Data is summarized in Table 1.

每个钻孔的相交间隔超过30米的高品位氧化锰加上铁矿化3 平均锰含量超过 17% Mn(22% mNO)。每个洞还包括锰等级超过 40% Mn(51.6% mNO)的区域。表 1 汇总了数据。

The two drill hole locations are shown in Figure 2 and a cross section displaying geology and assay intervals is provided in Figure 3.

两个钻孔位置如图 2 所示,显示地质和分析间隔的横截面如图 3 所示。

Table 1. Averaged assay data highlights for drill holes 23001A and 23002A at the Emily Manganese Project4.

表 1。艾米丽锰项目钻孔 23001A 和 23002A 的平均分析数据亮点4

Figure 2. Location of drill holes NSM 23001A and NSM 23002A showing Emily Manganese Project area, manganese host rock (Emily Iron Formation) and locations of section in Figures 3.

图 2。钻孔 NSM 23001A 和 NSM 23002A 的位置,显示了 Emily Mangance 项目区域、锰宿主岩(Emily Iron Formation)和剖面位置,如图 3 所示。

3 Mineralogy of manganese oxides include manganite, braunite, cryptolomene, hollandite, jacobsite, and pyrolusite, and iron mineralogy include hematite and goethite.
4 Assaying undertaken by ALS (Reno, NV) included a 23-element suite (ME-XRF21). High manganese samples (>25% Mn) were re-assayed using ME ICP81.

3 氧化锰的矿物学包括锰矿、braunite、cryptolomene、hollandite、jacobsite 和 pyrolusite,而铁矿物学包括赤铁矿和针铁矿。
4 ALS(内华达州里诺)进行的化验包括一个由23个元素组成的套件(ME-XRF21)。使用 ME ICP81 对高锰样品(> 25% Mn)进行了重新分析。

Figure 3. Cross section A'-B' (refer Figure 2) at the Emily Manganese Project showing drill hole traces of 23001A (NSM-001) and 23002A (NSM-02), with manganese contents in assayed intervals and geology.

图 3。Emily Mangance Project的横截面A'-B'(参见图2)显示了23001A(NSM-001)和23002A(NSM-02)的钻孔痕迹,分析的间隔和地质中含有锰含量。

Figure 4. Manganite-pyrolusite mineralized drill core (48.5% Mn) in 23001A (113.7 metres).

图 4。23001A(113.7 米)处的 manganite-pyrolusite 矿化钻芯(48.5% Mn)。

This initial EML drilling program was designed to test and confirm historic drilling by U.S. Steel, Pickands Mather and others from the 1930s and in particular, U.S. Steel's 1959 designed 'West Ruth Lake Mine' which targeted 24,012,200 tons of ore @ 15.29% Mn and 23.38% Fe (refer NI 43-101 Report by Brad M. Dunn (CPG), Barr Engineering Company, December 5, 2022)5.

最初的 EML 钻探计划旨在测试和确认美国钢铁公司、Pickands Mather 等公司在 20 世纪 30 年代的历史性钻探,特别是美国钢铁公司 1959 年设计的 “西露丝湖矿”,目标是 24,012,200 吨矿石 @ 15.29% Mn 和 23.38% 的铁(参见 Brad M. Dunn(CPG)的 NI 43-101 报告,巴尔工程公司,2022 年 12 月 5 日)5

5 This report can be accessed at .

5 该报告可在以下网址查阅

EML, operating under its wholly owned Minnesotan subsidiary, North Star Manganese, plans to drill approximately 30 holes in the current drill program and is anticipating completion of this stage of work in late summer 2023.

EML在明尼苏达州的全资子公司North Star Mangance下运营,计划在目前的钻探计划中钻大约30个洞,并预计该阶段的工作将于2023年夏末完成。

All of the 2023 drill information will be added into the Emily Manganese geologic model which will then form the basis for an updated resource estimate, which will be completed by the end of the year. Colorado-based Forte Dynamics Inc. have been appointed to undertake the updated NI 43-101 Technical Report, Resource Estimate, with an initial site visit scheduled for later this month.

所有2023年的钻探信息都将添加到Emily Mangance地质模型中,然后该模型将构成更新资源估算的基础,该估算将于今年年底完成。总部位于科罗拉多州的Forte Dynamics Inc. 已被任命编写更新后的NI 43-101技术报告《资源估计》,并计划于本月晚些时候进行首次实地考察。

Gary Lewis, EML Group CEO commented, "Our team is encouraged by the high-grade and thick intersections of the first two drill holes which have both intersected prominent +40% manganese intervals. These are world-class intercepts, of the like not seen outside of Southern Africa."

EML集团首席执行官Gary Lewis评论说:“我们的团队对前两个钻孔的高品位和厚度相交感到鼓舞,这两个钻孔的交叉点都与突出的 +40% 的锰间隔相交。这些是世界一流的拦截,在南部非洲以外从未见过。”

"Both holes are located in the eastern portion of the West Ruth Lake area of U.S. Steel's 1959 study. Our drilling is re-testing the eastern portion of the historic resource area and will step-out towards the west to cover much of the U.S. Steel study area."

“这两个洞都位于美国钢铁公司1959年研究的西露丝湖地区的东部。我们的钻探正在重新测试历史资源区的东部,并将向西移动,覆盖美国钢铁公司的大部分研究区域。”

"Electric Metals has secured the prospective lands into a coherent package, and we are now able to fully evaluate the extent of the deposit. We look forward to reporting further assay results as they come to hand."

“Electric Metals已将潜在土地整合到一个连贯的一揽子计划中,我们现在能够全面评估矿床的范围。我们期待在获得进一步的化验结果时报告这些结果。”

Qualified Person

合格人员

The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

本新闻稿中包含的科学和技术数据由伊恩·詹姆斯·普林格尔博士审查和批准,他是国家仪器43-101矿产项目披露标准下的合格人士。

About Electric Metals (USA) Limited

关于电气金属(美国)有限公司

Electric Metals (USA) Limited (TSXV: EML) (OTCQB: EMUSF) is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with over US$26 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese playing a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America, the development of the Emily Manganese Project represents a significant opportunity for America, the State of Minnesota and for the Company's shareholders. In addition, the Company owns and operates the Corcoran Silver-Gold Project and the Belmont Silver Project in Nevada, with the former also having been the subject of a National Instrument 43-101 Technical Report - Resource Estimate.

Electric Metals(美国)有限公司(多伦多证券交易所股票代码:EML)(OTCQB: EMUSF)是一家总部位于美国的矿产开发公司,其锰和白银项目旨在支持向清洁能源的过渡。该公司的主要资产是位于明尼苏达州的Emily Mangance项目,该项目一直是大量技术研究的主题,包括国家仪器43-101技术报告——资源估计,迄今已投资超过2600万美元。该公司在明尼苏达州的使命是成为美国国内的高纯度、高价值锰金属和化学产品的生产商,供应给美国能源、技术和工业市场。由于锰在锂离子电池配方中起着至关重要的作用,而且目前北美没有国内锰供应或活跃的矿山,艾米丽锰项目的开发对美国、明尼苏达州和公司的股东来说都是一个重要的机会。此外,该公司还拥有并运营内华达州的Corcoran Silver-Gold项目和贝尔蒙特白银项目,前者也曾是国家仪器43-101技术报告——资源估算的主题。

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

多伦多证券交易所风险投资交易所及其监管服务提供商(该术语在多伦多证券交易所风险投资交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

For further Information please contact:
Gary Lewis, Group CEO & Director: (647) 846 5299 - gl@electricmetals.com

欲了解更多信息,请联系:
集团首席执行官兼董事加里·刘易斯:(647) 846 5299-gl@electricmetals.com

Caution Regarding Forward-Looking Information

关于前瞻性信息的注意事项

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on EML's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to, among other things, the development of the Company's projects. Those assumptions and factors are based on information currently available to EML. Although such statements are based on reasonable assumptions of EML's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.

本新闻稿中包含的某些陈述构成前瞻性信息。这些陈述与未来事件或未来表现有关。使用任何 “可以”、“打算”、“期望”、“相信”、“将”、“预测”、“估计” 等词语以及与非历史事实有关的类似表达和陈述都旨在识别前瞻性信息,并基于EML目前对此类未来事件结果和时间的看法或假设。未来的实际结果可能会有重大差异。特别是,本新闻稿包含与公司项目开发有关的前瞻性信息。这些假设和因素基于EML目前获得的信息。尽管此类陈述基于EML管理层的合理假设,但无法保证任何结论或预测会被证明是准确的。

While EML considers these statements to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include market risks and the demand for securities of the Company, risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.

尽管根据目前获得的信息,EML认为这些陈述是合理的,但它们可能被证明是不正确的。前瞻性信息涉及已知和未知的风险、不确定性和其他因素,这些因素可能导致实际业绩、业绩或成就与前瞻性信息所表达或暗示的任何未来业绩、业绩或成就存在重大差异。这些因素包括市场风险和公司证券需求、矿床勘探和开发所固有的风险,包括计划不断重新定义时与项目参数变化有关的风险、与品位或回收率变动相关的风险、与矿产价格变化以及全球矿产需求和供应相关的风险、与竞争加剧和当前全球金融状况相关的风险、准入和供应风险、对关键人员的依赖、运营风险以及监管风险,包括与获得必要的执照和许可证有关的风险, 融资, 资本化和流动性风险.

The forward-looking information contained in this news release is made as of the date hereof, and EML is not obligated, and does not undertake, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

本新闻稿中包含的前瞻性信息自发布之日起提供,除非适用的证券法要求,否则EML没有义务也不承诺更新或修改任何前瞻性信息,无论是由于新信息、未来事件还是其他原因。由于本文包含的风险、不确定性和假设,投资者不应过度依赖前瞻性信息。上述陈述明确限定了此处包含的任何前瞻性信息。

SOURCE: Electric Metals (USA) Limited

来源: 电气金属(美国)有限公司


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