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European Metals Holdings Ltd.
Summary
| Project: | Cinovec | |
|---|---|---|
| Deposit: | Cinovec | |
| Location: | Czech Republic | |
| Commodities: | Lithium-Tin-Tungsten | |
| Date: | 11/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing resource increase/Upgrade | |
| Report details: | 8-11-2016: European Metals Holdings Ltd. announces an Exploration/Drilling Update report for its Cinovec deposit at the Cinovec project. Drilling results incl. 226.7m @ 0.45% Li2O from 35m. 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 a further two drillholes CIW- 07 and CIW-08 at the Cinovec Lithium-Tin-Tungsten Project ("the project" or "Cinovec"). European Metals CEO Keith Coughlan said “We are very pleased with the results for the latest two neighboring drillholes, located in the uppermost part of the Cinovec deposit near the historic mine shaft. The shallow lithium intercepts that extend significantly beyond historical workings, combined with the substantive tin and tungsten grades auger well for the economics of the deposit in this area. We are very pleased to see the tin price back above USD 21,000/t. This enhances the economics of Cinovec significantly and provides us with great flexibility with regards to the development of the project. Cinovec is not only the largest lithium resource in Europe, it also contains one of the largest undeveloped tin resources in the world.” The drillholes CIW-07 and CIW-08 are located in the central part of the Cinovec, near the Central Shaft where high grade tin and tungsten veins were mined in the past. The current drill programme at Cinovec Main has been planned to confirm and delineate near surface lithium and tin mineralisation that would provide initial feed to the mill. Other goals are the conversion of resources from the Inferred to Indicated category, and delivery of material for metallurgical testing. So far, nine diamond core holes have been completed, and three are underway. Visual inspection and logging indicates that the geology in these holes is as expected. Drill details are listed in Table 1 below. | |
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