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Teako Minerals Granted New Exploration Concessions at Vaddas - Birtavarre and Creates Norway's Largest Copper-Cobalt Exploration Project
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it ha
About this update from Teako Minerals Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 22, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the \"Company\" or \"Teako\") is pleased to announce that it has significantly increased the size of its Vaddas-Birtavarre copper-cobalt project in northern Norway through the granting of an additional 72 new exploration claims totalling approximately 665 square km. The newly-staked ground compliments the original 16 claims over which the Company has an option to acquire a 100% interest from Capella Minerals Limited (TSXV: CMIL) (\"Capella\") (Figure 1). The former Vaddas-Birtavarre mining district contains several known Caledonian-age semi-massive to massive sulfide (\"VMS\") deposits and is interpreted by the Company to hold the greatest potential for new copper-cobalt discoveries in Norway outside of the central Trondelag province. The newly granted exploration claims are 100% owned by Teako and will have no minimum work commitments or landholding costs in 2024. The Vaddas-Birtavarre project, to be known henceforth as the Vaddas project, is now the largest copper-cobalt project in Norway with a combined 796 square km (or 79,600 hectares). Highlights Teako has created Norway's single largest copper-cobalt project through the granting of a further 72 new exploration claims in the former Vaddas mining district. The total land area controlled by the Company (including the 16 claims previously held under option with Capella) is 796 square km. Previous mining in the Vaddas district focused on the small-scale extraction of high-grade copper and zinc from Caledonian-age semi-massive to massive deposits. Recent sampling has confirmed an association of elevated cobalt values with the copper-zinc mineralization. The Company's Corporate partner, The Coring Company, is currently in the process of digitizing all current and historical data (including some 6,000m of historical drilling) from the Vaddas project within the SCS exploration data and project management software module (see Company News Release dated June 22, 2023, for further details). The Company has enlisted Ginny Gay as a special advisor for the Vaddas project. Sven Gollan, CEO of Teako Minerals, comments: \"Following a close collaborative effort with Capella Minerals, our Service Alliance partner, along with a productive site visit, months of desktop studies of historical da...