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Europa Metals Ltd.
Summary
| Project: | Toral | |
|---|---|---|
| Deposit: | Toral | |
| Location: | Spain | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 10/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-10-2018: Europa Metals Ltd. announces a Resource Estimation report for its Toral deposit at the Toral project. Annual statement of mineral resources, unchanged since previous estimate. In accordance with ASX Listing Rule 5.21, Europa Metals, the Europea | |
| Resources: | (Resource, Inf.): 19Mt @ 3.9% Zn, 3.1% Pb, 24g/t Ag at project | |
| CP/QP: | [Resources]: J.N. Hogg (Addison Mining Services Ltd.) | |
| ABSTRACT: | In accordance with ASX Listing Rule 5.21, Europa Metals, the European lead-zinc explorer, announces its annual resource and reserve statement. The following summary should be read in conjunction with the Company’s Annual Report for the financial year ended 30 June 2018 which was published earlier today. Governance Arrangements and Internal Controls The Company has ensured that the mineral resource estimate set out above has been subject to appropriate governance arrangements and internal controls, a summary of which is outlined below. The mineral resource estimate for the Toral project has been reported in accordance with JORC (2012) guidelines. Audit of the estimation of mineral resources is addressed as part of the annual internal audit plan approved by the Board via the Audit Committee. In addition to routine internal audit procedures, the Board monitors the Company’s mineral resource status and approves the final outcome of third party reports. An annual mineral resource update is a prescribed activity within the Company’s corporate planning calendar that includes a schedule of regular executive engagement meetings to approve assumptions and guide the overall process. The mineral resource estimation processes followed internally are well established and are subject to systematic internal and external peer review. Independent technical reviews and audits are undertaken on an as-needs basis as a product of risk assessment. | |
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