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Eurasian Minerals (TSXV:EMX,NYSEMKT:EMXX) selected the Iekelvare Designated Project for copper exploration in Sweden pursuant to the Strategic Alliance and Earn-In Agreement dated February 17, 2011, executed by the Company and Antofagasta Minerals S.A., a wholly-owned subsidiary of Antofagasta plc. Antofagasta can earn up to a 70% interest in a Designated Project through a combination of cash payments and work commitments that result in a NI 43-101 compliant feasibility study.
As quoted in the press release:
The Iekelvare Designated Project (“DP”) consists of EMX’s 5,250 hectare “Iekelvare 1″ exploration license in Norrbotten County, Northern Sweden. The project is situated within a province of Iron-Oxide-Copper-Gold (“IOCG”) style deposits in the region. Exploration work conducted by the Swedish Geologic Survey (“SGU”) in the 1970′s demonstrated the presence of copper-rich boulders and copper geochemical anomalies in glacial till materials, as well as bedrock hosted copper and gold mineralization in the area.
Click here to read the Eurasian Minerals (TSXV:EMX,NYSEMKT:EMXX) press release
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