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Scandium International Secures Scandium Exploration Property in Finland
Reno, Nevada--(Newsfile Corp. - September 25, 2017) - Scandium International Mining Corp . (...
About this update from Scandium International Mining Corp.
[{"type":"text","content":"Scandium International Secures Scandium Exploration Property in FinlandReno, Nevada--(Newsfile Corp. - September 25, 2017) - Scandium International Mining Corp. (TSX: SCY) (\"Scandium International\" or the \"Company\") is pleased to announce that its wholly-owned subsidiary company, Scandium International Mining Corp., Norway AS, has been granted a reservation on an Exploration License for the Kiviniemi Scandium Property in central Finland from the Finnish regulatory body governing mineral exploration and mining in Finland. The Geological Survey of Finland (\"GTK\") conducted airborne survey work on the area in 1986, conducted exploration drilling on the property in 2008-2010, and published those program results on their public GTK website in 2016.HIGHLIGHTS:Kiviniemi property previously identified for scandium and explored by GTK,Property is a high iron content, medium grade scandium target, located on surface, with on-site upgrade potential,Early resource upgrade work done for GTK promising, confirmed by SCY, Property is all-weather accessible, close to infrastructure, andFinland location is mining-friendly and ideally suited to EU customer markets.DISCUSSION:Property/Location. The Kiviniemi property is located in the municipality of Rautalampi, Eastern Finland Province, approximately 350km northeast of Helsinki, by road. The closest major city/airport is Kuopio (pop. 110,000), approximately 70km to the northeast of the property. 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,SCY Mineral Reservation. SCY applied for a reservation on the property in early 2017, which was granted in June, after the public comment period ended. 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 (protected through 2018). The Company is preparing the application, which is a straightforward process. Prior Exploration Work. GTK performed magnetic surveys on the general ar...