General Update from European Strategic Investments Inc. on the SEEMS DEEP Exploration Project

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Las Vegas, Nevada–(Newsfile Corp. – Aug. 29, 2022) – GENERAL EUROPEAN STRATEGIC INVESTMENTS INC. (Pink OTC: GESI) (the “Company or GESI”) reports on the progress of the Seismic and Electromagnetic Methods for Deep Mineral Exploration (“SEEMS DEEP”) project in East-Central Finland. GESI participates in the SEEMS DEEP project through its wholly-owned Finnish subsidiary Laakso Minerals Oy (“Laakso”).

SEEMS DEEP is a 3-year project (1.5.2022-30.4.2025) funded by the ERA-MIN3 program of the European Union (EU), entitled Raw materials for sustainable development and the circular economy, Theme 1: Supply of raw materials from exploration to mining. The objective of the SEEMS DEEP project is the development of a new workflow integrating seismic and electromagnetic methods to address the challenges of deep mineral exploration. The project budget is funded by the European Union (EU) to the tune of 2.2 million euros.

The program targets the buried part of the Koillismaa laminated igneous complex in central Finland, which was identified by a strong gravity and seismic anomaly in GESI-Laakso’s Korpuajärvi permit area, with an area of ​​209 km2. It has the potential to host orthomagmatic elements of the nickel-copper-cobalt-platinum group (palladium, platinum, gold) and chromium-vanadium-titanium-iron mineralization.

The first conference of the SEEMS DEEP consortium took place from August 16 to 18, 2022 in Scandic City, Oulu, Finland and was organized by GESI-Laakso.

A total of 20 participants represented in the Consortium, including major geological and geophysical institutes and universities such as Geological Survey of Finland (GTK), Uppsala University (Sweden), BRGM (France), Institute of Geophysics (Polish Academy of Sciences), Geopartner Geofizyka (Poland), GRM-Services (Finland), IRIS Instruments (France), as well as Geopool (Finland), which cooperates with GESI-Laakso as operator on all Finnish projects of GESI-Laakso.

A significant amount of work has been done by Participants since the start of the Project (May 1, 2022) and reported by them at the Conference. All pre-existing geological and geophysical data, including petrophysical analysis of drill core from the Koillismaa deep hole, which is fully funded and drilled by GTK on behalf of the Finnish government in the 209 km² Korpuajärvi permit in the Laakso area, were analyzed by representatives of GTK, Geopool and Laakso, which resulted in the creation of the initial geomodel of the study area.

Detailed descriptions of geophysical survey design and instrumentation were provided to the Conference by Participants. The combined application of seismic and electromagnetic methods will provide integrated geological processing, modeling and interpretation. The newly acquired geophysical data will be added to the initial geomodel, resulting in the creation of a common earth model, fully reflecting the geological structure of the layered igneous complex of Koillismaa in the Korpuajärvi permit area of ​​GESI-Laakso with delineation of potential areas of the ore deposits. A unique ability to correlate the acquired geophysical data with the analysis of drill core material from the Koillismaa deep hole will allow an assessment of the potential for mineralization at depth.

Besides the scientific and technical sessions, the geological field trip through the study area was organized during the Conference. It included visits to key igneous rock outcrops and the Koillismaa deep hole drill site and was guided by leading geologists from GTK and representatives from Geopool and Laakso.

During the Conference, particular attention was paid to the environmental issues of the Project and to contacts on this subject with local authorities, landowners and the population, including public meetings to create a social license for cooperation. These activities have already been initiated by GTK, Geopool and GESI-Laakso.

The Conference enabled the full coordination of the working groups and tasks of all members of the Consortium. The start of field work is planned for the summer of 2023 and should be carried out in parallel with the resumption of drilling of the Koillismaa deep hole to its planned total depth of 3000 m.

Forward-looking statements:

This press release contains “forward-looking statements”. these statements include anything that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “expect”, “anticipate “, “plan”, “plan”, “expect”, “believe”, “probably”, “should”, “could”, “would”, “might” or similar words or expressions. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the actual results and financial condition of the Company to differ materially from those contained in these statements, which involve risks and uncertainties. , including those related to the Company’s ability to grow. Actual results may differ materially from those anticipated and any report should not be relied upon as an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, and all usual and customary economic, competitive and market conditions/risks.

Contact:

Robert Seguin, Vice President, Investor Relations
General European Strategic Investments Inc.
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135198

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