Nickel Line - Mjövattnet & Njuggträskliden

EMX’s Mjövattnet and Njuggträskliden projects are located in northern Sweden southwest of Skellefteå. Mineralization is comprised of massive sulfides enriched in nickel, copper, and cobalt, with both properties hosting historic resources*. As well, the properties have gold and platinum group element (PGE) exploration potential.

Both projects host drill defined mineralization in targets that remain open at depth and along strike. Mineralized boulders occur in cluster positioned down the direction of glacial ice transport- the source of several clusters have yet to be identified. Considering this and the limited shallow historic drilling (i.e., generally drilling <150 meters depth) and untested targets at depth and along strike, EMX believes that there is high potential for new discoveries at the Mjövattnet and Njuggträskliden properties. 

On August 8, 2023, EMX entered into an agreement with Kendrick Resources PLC for the Mjövattnet and Njuggträskliden projects.
 
*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.

*EMX has not performed sufficient work to verify the published drill data and historic resource estimates. However, the drill-delineated mineralization as reported in various documents available from the SGU (Swedish Geological Survey) is considered relevant.
 

Maps

Principal occurrences, nickel-sulfide bearing boulder clusters and historical drill holes on Mjövattnet project, Sweden.. Data shown on map from the Geological Survey of Sweden archives in Malå, Sweden; Summary of results from nickel prospecting; a consulting report published in 1987 as PRAP 87007 by the Prospecting Division of NSG, the Swedish Geological Company. Click to Enlarge
Principal occurrences and nickel-sulfide bearing boulder clusters on Njuggträskliden project, Sweden. Data shown on map from: Geological Survey of Sweden archives in Malå, Sweden: Nickelmineraliseringarna i Njuggtraskliden, published in 1981 as report BRAP 81007. Click to Enlarge

Data shown on maps from: 

Geological Survey of Sweden archives in Malå, Sweden; 
Summary of results from nickel prospecting; a consulting report published in 1987 as PRAP 87007 by the Prospecting Division of NSG, the Swedish Geological Company. 

Geological Survey of Sweden archives in Malå, Sweden: 
Nickelmineraliseringarna i Njuggtraskliden, published in 1981 as report BRAP 81007.

Photos

Massive pyrrhotite, pentlandite and chalcopyrite mineralization intersected in historic drilling at Njuggträskliden. Photo above is from hole 79001which intersected 2.28 % Ni and 0.26% Cu over 1.4 meters from 52.9 – 54.3m (true width ~65% or reported interval). Click to Enlarge