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European Metals Holdings Ltd.
Summary
| Project: | Cinovec | |
|---|---|---|
| Deposit: | Cinovec | |
| Location: | Czech Republic | |
| Commodities: | Lithium-Tin-Tungsten | |
| Date: | 11/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-11-2017: European Metals Holdings Ltd. announces an Exploration/Drilling Update report for its Cinovec deposit at the Cinovec project. Drilling results incl. 204.6m @ 0.44% Li2O, 0.04% Sn, 0.009% W from 233m. European Metals Holdings Limited (“European | |
| Resources: | (Reserve, Prob.): 34.5Mt @ 0.30% Li, 0.65% Li2O, 0.09% Sn at project | |
| CP/QP: | [Overall Report]: Pavel Reichl (Internal) | |
| ABSTRACT: | European Metals Holdings Limited (“European Metals” or “the Company”) is pleased to announce the successful completion of its six core-hole infill drilling program at the Cinovec Project. A total of 2,697.1m was completed on time and without loss time accidents. Analytical results for three drillholes in the eastern sector and for two drillholes on the western sector of the of the Cinovec South deposit are reported. Results for hole CIS-4 have previously been reported. European Metals CEO Keith Coughlan said “We are very pleased that not only have we competed the planned drilling program on time and within budget, but that the results are excellent, in particular with respect to the two infill drillholes on the western part of the Cinovec South deposit. These drillholes intersected strong lithium mineralization with significant tin and tungsten contents. The results from this drilling will allow the Company to convert additional resources to the Indicated status and further optimize the Cinovec South mine plan. The geological and resource model upgrade is now underway.” The completed six hole drill program at Cinovec South was planned to focus on infill drilling in two areas where data density is low and ‘gaps’ in the resource model occur. Other goals are expectation of adding high grade resource at Cinovec South in critical areas where mining will start, the addition of resources in unclassified areas, the conversion of resources from Inferred to Indicated category, and delivery of material for metallurgical testing | |
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