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European Metals Holdings Ltd.
Summary
| Project: | Cinovec | |
|---|---|---|
| Deposit: | Cinovec | |
| Location: | Czech Republic | |
| Commodities: | Lithium-Tin-Tungsten | |
| Date: | 1/29/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-1-2019: European Metals Holdings Ltd. announces an Exploration/Drilling Update report for its Cinovec deposit at the Cinovec project. Drilling results incl. 129.3m @ 0.51% Li2O, 0.07% Sn, 0.018% W from 200m. European Metals Holdings Limited (“European | |
| Resources: | (Resource, I+I): 695.9Mt @ 0.195% Li, 0.04% Sn, 0.014% W at project | |
| CP/QP: | [Overall Report]: Pavel Reichl (Internal) | |
| ABSTRACT: | European Metals Holdings Limited (“European Metals” or “the Company”) is pleased to announce initial results from its current eight core-hole resource drilling programme at the Cinovec Project as detailed. The current programme of work was announced by the Company 5 November 2018 (Resource Drilling Commenced – Geotechnical Studies Continue). Drilling of five of the eight holes has been completed. Drilling activities have been suspended and will resume after the end of the snow season. Analytical results for four of the drill holes from the Cinovec South deposit are reported. European Metals Managing Director Keith Coughlan commented “We are very pleased to present these results. The current drill programme has been planned to define blocks of resource for the first 2 years of mining within the Cinovec-South area, with a goal to convert the resource from indicated to measured category to allow the delineation of initial proven reserves for the deposit. The results confirm our confidence in the robustness of the ore body and we are particularly encouraged by the higher than expected tin grades in hole CIS-13. These holes form part of the feasibility study that is now underway. The study includes the production of lithium hydroxide from bench scale work that is in process and due for completion next month. At that point the Company expects to be able to release the updated PFS results.” | |
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