Nickel, copper and cobalt
The project is located in the mining-friendly jurisdiction of Galicia, northwest Spain, near the town of La Coruña. The rock types at Corcel are ultramafic and mafic layered intrusive rocks which a known to host Ni-Cu-Co ore deposits elsewhere in the world.
Historical exploration activities in the 1980’s, which included geophysics, soil and rock sampling, trenching and drilling, confirmed an extensive area of rock prospective for Ni-Cu-Co mineralisation. Based on these results, Eurobattery Minerals has identified both high-grade massive sulphide targets, potentially suitable for selective underground mining, in addition to large tonnage targets potentially amenable to bulk tonnage mining.
The Company’s main target at Corcel is the Castriz prospect which was identified in the 1980’s as the area with the highest prospectivity. The historical soil sampling and trenching identified a large area of mineralisation. These anomalies were partly drill tested and confirmed the presence of disseminated and massive sulphides. Critically, the nickel and copper mineralisation consists of the sulphide minerals pentlandite and chalcopyrite, respectively. These minerals are highly sought after for producing the intermediate products used in the EV battery manufacturing.
Eurobattery Minerals AB is currently reassessing the Castriz project at closer detail, with expansive geochemical and geophysical surveys. The Company will use this information to define drill targets which will be tested in the third quarter of 2019.