Kiviniemi Scandium Property

  • Location: Province of Eastern Finland, Finland
  • Exploration License Reservation established in 2017.
  • Reservation held by Scandium International Mining Corp., Norway AS.
  • Property previously explored by the Geological Survey of Finland ("GTK").
  • Minerology is high iron content, medium grade scandium target, located at surface
  • Early resource upgrade work done for GTK promising, confirmed by SCY
  • Property is all-weather accessible, close to infrastructure, and
  • Finland location is mining-friendly and ideally suited to EU customer markets.

HIGHLIGHTS-KIVINIEMI Sc PROPERTY

Property Resource.  No resource established.  The reserved exploration area is approximately 24.6 hectares (0.25 square kilometer), identical to the historic GTK exploration license on the property, which expired in 2015. The mineralized area, as defined on GTK resource modeling maps, is approximately 25% of the total reservation. This reservation grants SCY a first position right to apply for an exploration license on the property.

Property Description.  Kiviniemi is located in the municipality of Rautalampi, Eastern Finland Province, approximately 350km northeast of Helsinki, by road. The exploration target is located on a small portion of a family farm, partially cleared for farming. Most of the property is wooded, including the area where the mineralization has been located.

Drill Program History.  The magnetic signature of the Kiviniemi anomaly was recognized and initially explored by the GTK, who were seeking commonly sought-after minerals in the region, specifically copper, nickel and cobalt. GTK explored and drilled 9 holes (1,250 meters) into the property from 1986 to 2010, along with subsequent assay work, and metallurgical upgrade studies, the value of which SCY estimates at roughly US$2M. Prior GTK Exploration Work, Property Geology, Resource Modeling and Metalurgical Upgrade Work is summarized in the Technical Reports section: "Kiviniemi Property: Technical Characteristics”.

Project Status.   We are required to first secure a formal exploration license prior to undertaking a limited drill program to augment the existing GTK drill-hole data.  The goals of this modest drill program will be to provide more sample material for metallurgical test work programs investigating site upgrade possibilities, and to establish a maiden NI 43-101 resource on the property.

©2022 Scandium International Mining Corporation
All rights reserved.
Disclaimer