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Eurasian Minerals Inc.
Summary
| Project: | Gumsberg | |
|---|---|---|
| Deposit: | Gumsberg | |
| Location: | Sweden | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 9/8/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-9-2016: Eurasian Minerals Inc. announces an Exploration/Drilling Update report for its Gumsberg deposit at the Gumsberg project. Drilling results incl. 2.8m @ 17.9% Zn, 6.9% Pb, 68.9g/t Ag from 36.9m. Vancouver, British Columbia, September 8, 2016 (TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr. Eric P. Jensen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, September 8, 2016 (TSX Venture: EMX; NYSE MKT: EMXX) – Eurasian Minerals Inc. (the “Company”, "Eurasian", or “EMX”) is pleased to provide an update on exploration results from the Company's spring and summer programs in Scandinavia. Eurasian has built a portfolio of exploration projects in Scandinavia, and has been compiling geologic information and generating drill targets on those properties. Reconnaissance drilling at the Gumsberg Volcanogenic Massive Sulfide (“VMS”) project, located in the prolific Bergslagen district of Sweden, has yielded several shallow high grade intercepts of polymetallic mineralization along a > 2 kilometer trend of mineralization (see table below). Gumsberg is located less than 30 kilometers from Boliden AB’s Garpenberg mine, which has similar styles of mineralization and is one of the major zinc, lead and silver producers in the region. The historic Falun VMS deposit is also located nearby, as shown on the map below. Please see www.eurasianminerals.com for more information. Gumsberg Project Update. The Gumsberg project comprises five contiguous exploration permits in the Bergslagen mining district of Sweden, one of Europe’s oldest mining districts. Multiple historic mines within the Gumsberg project area were developed on VMS style mineralization, including the Osträsilvberg mine, one of Sweden’s key silver producers in medieval times. Other historic mines within the project area were operated in the 1800’s and early 1900’s, targeting lead, zinc, and copper-rich VMS mineralization. Limited exploration drilling at Gumsberg was conducted in the 1930’s, 1950’s and early 1970’s, when VMS deposit models were still poorly understood. Little to no exploration has been conducted in the past 40 years. | |
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