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Europa Metals Ltd.
Summary
| Project: | Toral | |
|---|---|---|
| Deposit: | Toral | |
| Location: | Spain | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 10/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-10-2018: Europa Metals Ltd. announces an Exploration/Drilling Update report for its Toral deposit at the Toral project. Drilling results incl. 2.0m @ 2.39% Pb, 8.66% Zn, 34.9ppm Ag from 251m. Europa Metals, the European lead-zinc explorer, is pleased t | |
| Resources: | (Resource, Inf.): 19Mt @ 3.9% Zn, 3.1% Pb, 24g/t Ag at project | |
| CP/QP: | [Overall Report]: J.N. Hogg (Independent) | |
| ABSTRACT: | Europa Metals, the European lead-zinc explorer, is pleased to announce assay results from its recently completed Phase 1 drilling campaign at its wholly owned Toral Project. The RC drilling programme intersected Zn, Pb & Ag mineralisation in all 4 holes drilled, targeting to a depth within 300 metres of the topographic surface. This campaign is the first by Europa Metals’ geological team in Spain outside of the pre-existing defined JORC (2012) resource area for the Toral Project and extends the presence of known mineralisation 200 metres east of the current block model. As announced on 20 September 2018, the Toral Project has an existing JORC (2012) Inferred mineral resource estimate of [email protected]% Zn Equivalent (including Pb credits) and 24g/t Ag. All objectives of the RC drilling programme were met following the identification of the mineralised contact zone along the Toral Licence area. Europa Metal’s geological team is also considering the results of the TOR-14 drill hole that returned 2 metres at 11.72% zinc equivalent from 251-253 metres. This level of grade was not anticipated within 300 metres of surface and the Company is analysing how this assay result impacts its understanding of the new Eastern Extension of the mineralised zone. The RC drilling campaign further demonstrates the prospectivity of the project’s licence area and of the potential for hosting a future sustainable zinc, lead and silver mining operation. | |
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