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General European Strategic Investments Inc. - SEEMS DEEP Consortium Agreement Signed
General European Strategic Investments Inc. - SEEMS DEEP Consortium Agreement Signed.
About this update from General European Strategic Invts Inc.
[{"type":"text","content":"Las Vegas, Nevada--(Newsfile Corp. - May 12, 2022) - GENERAL EUROPEAN STRATEGIC INVESTMENTS INC. (OTC Pink: GESI) (the \"Company or GESI\") is pleased to announce the signing of the Consortium Agreement for the Seismic and Electromagnetic Methods for Deep Mineral Exploration Project (\"SEEMS DEEP\"). GESI participates in the SEEMS DEEP Project through its wholly owned Finnish subsidiary Laakso Minerals Oy (\"Laakso\").The Consortium Agreement of the SEEMS DEEP Project has been signed by all the Parties and has come into force.The Parties include: the Geological Survey of Finland (GTK); Uppsala University, Department of Earth Sciences, Sweden; Bureau des Recherches Géologiques et Minières (BRGM), France; Institute of Geophysics, Polish Academy of Sciences; Geopartner Geofizyka sp. z. o.o., Poland; GRM-Services, Finland; IRIS Instruments, France; Laakso Minerals Oy, Finland.The Consortium Agreement specifies the relationship among the Parties, concerning the organization of the work between them, the management of the Project and the rights and obligations of the Parties concerning inter alia liability, access rights and dispute resolution. Being now in full force, the Consortium Agreement shall continue and be in effect until complete fulfilment of all obligations undertaken by the Parties under the ERA-MIN3 funding rules. Presentation of the first scientific results of the SEEMS DEEP Consortium will take place between the 18-22 September this year at the 4th Conference on Geophysics for Mineral Exploration and Mining of the European Association of Geoscientists and Engineers in Belgrad, Serbia. Wolfgang Rauball, GESI's CEO, stated, \"The SEEMS DEEP Project and the results of the unique Koillismaa Deep Hole, being drilled by the Geological Survey of Finland within the Laakso's reservation permit, will result in construction of high-confidence geomodel describing the geological structure of the large positive gravity and magnetic anomaly that potentially acted as a conduit for the mafic-ultramafic magma, which formed the nickel, cobalt and platinum group metals mineralization in the region. It is hopped that this work will define the potential for high-grade nickel, cobalt and platinum group mineralization at depth within the Korpuajärvi land-holding of Laakso Minerals Oy. The work on geomodelling has already starte...