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European Metals Holdings Ltd.
Summary
| Project: | Cinovec | |
|---|---|---|
| Deposit: | Cinovec Main | |
| Location: | Czech Republic | |
| Commodities: | Tin-Lithium-Tungsten-Niobium-Tantalum | |
| Date: | 2/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 10-2-2017: European Metals Holdings Ltd. announces an Exploration/Drilling Update report for its Cinovec Main deposit at the Cinovec project. Drilling results incl. 361.5m @ 0.43% Li2O average from 9.5m. European Metals Holdings Limited ("European Metals" | |
| Resources: | (Resource, Total): 606.8Mt @ 0.43% Li2O at project | |
| CP/QP: | [Overall Report]: Pavel Reichl (Internal) | |
| ABSTRACT: | European Metals Holdings Limited ("European Metals" or "the Company") is pleased to announce analytical results for the final three drillholes completed under the recently completed drilling programme at the Cinovec Main sector of the deposit. A revision of the resource model is now underway and will form the basis of the soon to be completed Preliminary Feasibility Study. It is anticipated this resource model will be finalised and announced in February 2017. European Metals CEO Keith Coughlan said: "I am very pleased to report results from the last three drillholes from the 2016 drilling programme at Cinovec Main. These results continue to either confirm or exceed our expectations with regards to lithium content and mineralisation width. The sheer size of Cinovec is highlighted by the 361m intercept which is in a league of its own in the lithium space. I am also pleased to report that we have completed the geologic model to a high degree of accuracy and that we have commissioned Widenbar and Associates to upgrade the resource estimate for the PFS study. I am looking forward to receiving and reporting these results in the near future." 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. A total of 17 diamond core holes have been completed. 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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