Business
European Electric Metals to Acquire Miminiska Gold Property in Ontario, Name Change to Canadian Goldfields Discovery Corp. and Appointment of John Booth as CEO
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - European Electric Metals Inc. ...
About this update from Canadian Goldfields Discovery Corp
[{"type":"text","content":"European Electric Metals to Acquire Miminiska Gold Property in Ontario, Name Change to Canadian Goldfields Discovery Corp. and Appointment of John Booth as CEOVancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - European Electric Metals Inc. (TSXV: EVX) (the \"Company\") is pleased to announce that it has entered into a mineral property purchase agreement dated November 28, 2025 (the \"Purchase Agreement\") with Storm Exploration Inc., a company listed on the TSX Venture Exchange, (\"Storm\") whereby the Company has agreed to acquire a number of mineral claims, patented claims and mining licence located in the Miminiska-Fort Hope greenstone belt in the Thunder Bay North Mining District, Ontario (the \"Miminiska Gold Property\" or the \"Property\"). To reflect this new direction, the Company also announces it will be changing its name to \"Canadian Goldfields Discovery Corp.\" and will advise on timing of the name and symbol change prior to it occurring.Highlights of the Miminiska Gold Property:While 85% of identified strike length is largely untested by drilling, multiple high grade gold drill intersections have been reported.Notable historic drill intercepts include 20.84m at 5.75 g/t Au, 3.96m at 13.45 g/t Au and 11.18m at 4.49 g/t Au (true widths are unknown).*Gold mineralization primarily hosted within Algoma-type Banded Iron Formations (BIF) Recent ground geophysical surveys identified several targets within the Miminiska prospect that have not yet been drill tested and that are similar in response to the known zones of high-grade gold mineralization.Potentially analogous deposit type is Orla Mining Ltd.'s Musselwhite Mine located approximately 150 km north-east of the Miminiska Property.About the Miminiska Gold PropertyThe Miminiska Gold Property is located approximately 350 kilometres (km) north of the city of Thunder Bay, 115 km east of the town of Pickle Lake, and approximately 40 km west of Fort Hope, Ontario. The property comprises 278 unpatented mining claims, 43 mining patents and 1 mining licence of occupation (\"MLO\"), covering a total area of 6,366.4 hectares (ha), distributed over three contiguous blocks named Miminiska Lake, Wottam Lake, and Frond Lake.The Property is located within Eabametoong First Nation (\"EFN\") territory. There is a current (updated in 2025) Exploration Agreement in place w...