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Europa Metals Ltd.
Summary
| Project: | Toral | |
|---|---|---|
| Deposit: | Toral | |
| Location: | Spain | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 12/10/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-12-2018: Europa Metals Ltd. announces a Scoping Study report for its Toral deposit at the Toral project. Positive scoping study for Toral project. Europa Metals, the European lead-zinc explorer, is pleased to announce the results of an independent | |
| Resources: | (Resource, Inf.): 16Mt @ 3.9% Zn, 3.1% Pb, 24g/t Ag at project | |
| CP/QP: | [Overall Report]: J.N. Hogg, J. Bennett, N. Hollowaym S. Struthers (Independent) | |
| ABSTRACT: | Europa Metals, the European lead-zinc explorer, is pleased to announce the results of an independent Scoping Study completed in accordance with JORC 2012 for its wholly owned Toral Project located in the Castilla y León region, Northwest Spain. The findings of the Study are positive with a recommendation that the Toral Project should be progressed towards a feasibility study to determine full economics, technical and environmental parameters for an underground mining operation focussed on near-term recovery of the higher-grade mineralised zones. Further to discussions with the ASX and in accordance with Section 8.5 of ASX Guidance Note 31, the Company will not make public any economic forecasts from the Scoping Study until further work has been undertaken to prove up at least 60% of the estimated resource from an Inferred to the Indicated category as per the JORC (2012) guidelines. The comprehensive Scoping Study will be made available in full to industry groups on application to the Company. Key elements include. Commenting today, Laurence Read, Executive Director of Europa Metals, said: “After an intense year of activity Europa Metals has successfully obtained a highly detailed Scoping Study, which clearly recommends that we progress our Toral Project in order to investigate distinct high grade resource areas and complete all of the necessary metallurgical testwork. The Study also identified an anomaly in the license area during the finalisation stage of the report which has now been investigated and rectified. “The work undertaken on the Scoping Study models a series of development scenarios, from which one clear path has become apparent. We shall now use the Study to inform a core part of our strategy for 2019 as we aim to progress with a full feasibility study. We look forward to announcing results from our first diamond drill campaign shortly and to continue work on this promising project next year.” Commenting today, Myles Campion, Executive/Technical Director of Europa Metals, said: “Both our team on site at Toral and AMS have delivered a robust and positive Scoping Study, on time and on budget. We identified the clear potential of the asset last year and have taken a big step forward with this Study in identifying where value can be further defined and most efficiently extracted. “I look forward to advancing our understanding via further work on the Toral deposit next year.” | |
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