Vancouver, British Columbia--(Newsfile Corp. - February 27, 2024) - TEAKO MINERALS CORP. (CSE: TMIN) (the "Company" or "Teako") is pleased to announce that it has been granted a total of 854 square km ("sq. km") of new exploration claims at the Lomunda and Venna copper-projects (the "Projects") in Trøndelag Province, Central Norway. The Lomunda concessions, covering 406 sq. km, lie immediately to the SW of the past-producing Løkken copper-zinc mine, whereas the Venna concessions, covering 448 sq. km, cover a significant strike extension of similarly prospective stratigraphy to the NE of Løkken (Figure 1).

The primary target types at Lomunda and Venna are high-grade copper-cobalt-zinc massive sulfide ("VMS") deposits, with copper and cobalt being critical components in batteries and the transition to green energy. The newly granted exploration claims are 100% owned by Teako and will have no minimum work commitments or landholding costs in 2024. The two new Projects, in conjunction with the copper-cobalt Vaddas project in Northern Norway (see news release dated January 22, 2024), have been established as the Company's three main projects in Norway.

Highlights

Teako has been granted a total of 854 sq. km of exploration claims covering the Lomunda (406 sq. km) and Venna (448 sq. km) copper-cobalt projects, Trøndelag Province. Both Lomunda and Venna are located adjacent to Norway's foremost historical copper mining district at Løkken, Trøndelag Province.
The Company is targeting the discovery of new high-grade, copper-cobalt-rich Løkken-type VMS deposits. Host rocks to mineralization in the Løkken district are a sequence of Ordovician-age metabasalts within an overturned ophiolite sequence. The Company's 2024 reconnaissance exploration programs at Lomunda and Venna will focus on identifying and prioritizing areas containing the potential for discovering new Løkken-type VMS systems.
The Lomunda & Venna projects

The Lomunda and Venna projects are located approximately 50km SW and 30km SE, respectively, of the regional administrative centre of Trondheim, Trøndelag Province, central Norway. Lomunda also lies immediately to the SW of the former Løkken mining district (reported historical production of 24MT @ 2.3% Cu + 1.9% Zn1), whilst the Venna project covers similar prospective stratigraphy to the NE of Løkken (Figure 1). see & read more on
https://teakominerals.com/wp-content/uploads/TMIN-NR-2024.27.02-Lomunda-and-Venna.pdf