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European Metals Holdings Ltd.
Summary
| Project: | Cinovec | |
|---|---|---|
| Deposit: | Cinovec | |
| Location: | Czech Republic | |
| Commodities: | Lithium-Tin-Tungsten | |
| Date: | 11/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing resource increase/Upgrade | |
| Report details: | 16-11-2016: European Metals Holdings Ltd. announces an Exploration/Drilling Update report for its Cinovec deposit at the Cinovec project. Drilling results incl. 175m @ 0.40% Li2O from 236m. European Metals Holdings Limited (“European Metals” or “the Compa | |
| Resources: | (Resource): 49.1Mt @ 0.43% Li2O (Ind.) and 482Mt @ 0.43% Li2O (Inf.) | |
| CP/QP: | [Overall Report]: Dr. Pavel Reichl (Internal) | |
| ABSTRACT: | European Metals Holdings Limited (“European Metals” or “the Company”) (ASX and AIM: EMH) is pleased to announce analytical results for the confirmation drillholes CIW-13, CIW-14 and CIW-18 at the Cinovec Lithium-Tin-Tungsten Project (“the project” or “Cinovec”). These results and the previously announced drillholes will now be used to enable an interim update of the resource model to be completed. This resource is anticipated to be released in the next 2 weeks. European Metals CEO Keith Coughlan said “I am very pleased to receive these results as it will allow us to now undertake an interim update of the resource model for the pre-feasibility study. The update is to be used in more detailed mine planning for the study as we expect a significant portion of the deposit to be upgraded to an Indicated Mineral Resource status. I look forward to reporting this update in the next two weeks. In the meantime, drilling will continue to both expand the resource and increase its level of confidence to allow a further resource upgrade in the first half of 2017.” The CIW-13, CIW-14 and CIW-18 drillholes were drilled at the southern edge of the Cinovec Main sector of the deposit near its boundary with Cinovec South. The area is marked by relative sparsity of historic drill data and lithium analyses. The boundary between Cinovec Main and Cinovec South is a barren NE trending corridor whose nature is poorly constrained due to lack of data. | |
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