Progress of Projects Including the Korsnas Rare Earth Mine in Finland

Published: Mar 21, 2025 10:42
[Progress on Projects Including the Korsnas Rare Earth Mine in Finland] The scale of high-grade rare earth ore bodies at Prospech's Korsnas project in Finland has expanded, with multiple mineralized zones showing total rare earth oxide (TREO) grades above 1%, reaching as high as 4%, with a higher content of heavy rare earth oxides: 61.3 ppm terbium and 234 ppm dysprosium. Cygnus Metals made new progress in drilling at its Chibougamau project in Canada.

Prospech Expands High-Grade Rare Earth Ore Body at Korsnas Project in Finland, Encounters Multiple Mineralizations with Total Rare Earth Oxide (TREO) Grades Exceeding 1%, Reaching a Maximum of 4% with Higher Heavy Rare Earth Oxide Content: Terbium 61.3 ppm, Dysprosium 234 ppm.

The Company Has Catalogued, Sampled, and Analyzed 479 Previous Diamond Drill Holes and Will Update the Resource Estimate.

***

Cygnus Metals Makes New Drilling Progress at Chibougamau Project in Canada.

Drilling at the Corner Bay Deposit Intercepts 7.3 Meters of Ore at 492 Meters Depth, with a Copper Equivalent Grade of 3.1%, Including 3.3 Meters Thick with a Grade of 5.6%. The Deposit Has an Indicated Ore Resource of 2.7 Million mt at 2.9% Grade; and an Inferred Ore Resource of 5.9 Million mt at 3.6% Grade.

At the Recently Discovered Colline Target, Recent Drilling Reveals Shallow Mineralization: 8.6 Meters of Ore at 95 Meters Depth, with a Grade of 2.3%, Including 2.6 Meters Thick with a Grade of 4.4%. This Prospect Has Not Been Drilled Since 1987.

***

Mithril Silver & Gold Encounters Multiple High-Grade Mineralizations at Copalquin Project in Mexico.

Key Intercepts Include:

◎3.35 Meters of Ore at 215 Meters Depth, with a Gold Grade of 26.5 g/t and Silver 1,046 g/t;

◎0.65 Meters of Ore at 280 Meters Depth, with a Gold Grade of 12.2 g/t and Silver 292 g/t.

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