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Europa Metals Ltd.

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Summary

Project:

Toral

Deposit:Toral
Location:Spain
Commodities:Zinc-Lead-Silver
Date:9/20/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:20-9-2018: Europa Metals Ltd. announces a Resource Estimation report for its Toral deposit at the Toral project. Updated mineral resource estimate at the project. Europa Metals, the European lead-zinc explorer, is pleased to announce, further to its recen
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:Europa Metals, the European lead-zinc explorer, is pleased to announce, further to its recent relogging programme of certain historical core from its 100% owned Toral lead-zinc-silver project in northern Spain (the “Toral Project”), undertaken at the National Litoteca in Andalucia, as referred to in the Company’s announcement of 28 August 2018, an updated independent Mineral Resource Estimate for the project reporting increased tonnage and levels of contained metals. The update has been prepared in accordance with JORC (2012 revision) resource estimate by Addison Mining Services Limited (“AMS”). Revised inputs from relogging work and analysis Re-logging of historic drill core held at the National Litoteca from the Toral Project resulted in significantly higher bulk density measurements than those used for the Maiden resource estimate completed by AMS between November 2017 and January 2018, as announced by the Company on 6 February 2018. The increase in bulk density values applied to samples and their spatial distribution resulted in a material change to the estimation of the resource. Ore tonnages are calculated by volume estimated from solid models developed from mapping and drilling information multiplied by rock density.

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