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European Metals Holdings Ltd.
Summary
| Project: | Cinovec | |
|---|---|---|
| Deposit: | Cinovec Main | |
| Location: | Czech Republic | |
| Commodities: | Tin-Lithium-Tungsten-Niobium-Tantalum | |
| Date: | 2/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing resource increase/Upgrade | |
| Report details: | 3-2-2017: European Metals Holdings Ltd. announces an Exploration/Drilling Update report for its Cinovec Main deposit at the Cinovec project. Drilling results incl. 264.5m @ 0.54% Li2O. European Metals Holdings Limited (“European Metals” or “the Company”) | |
| 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 two drillholes from the recently completed drilling in the Cinovec Main sector of the deposit. These results confirmed or exceeded the expected lithium content and mineralisation widths. In addition, the Cinovec South Resource has now been added to the Czech State resource register. This is the first step in the process for the granting of a mining permit. European Metals CEO Keith Coughlan said: “I am pleased to report results from two additional drillholes from the recently completed drilling program at Cinovec Main. These results are excellent in terms of lithium grades and length of mineralised intervals. An unexpected bonus is a high-grade zone of tungsten, intersected by drillhole CIW-22 at 238 meters depth which graded almost 3% of tungsten. In addition, we are pleased to have been informed that subsequent to a submission we made to the State Authority, the Cinovec South resource estimate was approved by a Committee of Experts and placed on the State Register of mineral deposits. This is a pre-requisite for receiving a mining permit. We already applied for the ‘preliminary mining space’ for Cinovec South, immediately after the resource calculation for Cinovec South was accepted to the State Register.” | |
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