Business
Cinovec Drilling Programme Update
Cinovec Drilling Programme Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 7411V Rare Earth Minerals PLC 20 April 2016 \n\nRare Earth Minerals Plc\n (\"Rare Earth Minerals\", \"REM\" or \"the Company\")\nCinovec Drilling Programme Update\nRare Earth Minerals Plc (AIM: REM; OTC REMMY) is pleased to report the analytical results for the infill drill hole PSn02 at the Cinovec Lithium-Tin-Tungsten Project (\"the project\" or \"Cinovec\"). REM holds an indirect stake in the project through a 19.8% direct holding in the share capital of European Metals Holdings Limited (\"EMH\") (ASX code: EMH) that owns 100 per cent of the exploration rights to Cinovec. The full EMH news release is available at: http://www.asx.com.au/asxpdf/20160420/pdf/436mp624d97tqk.pdf\nHighlights of the EMH Release\n· Drillhole PSn02 returned a mineralized intercept 188m averaging 0.46%Li2O\n· The intercept includes a high-grade interval of 25m averaging 0.72% Li2O, and another one of 20m averaging 0.86% Li2O\n· In addition, the lithium intercept contains zones significantly enriched in Tin (Sn) and Tungsten (W), i.e. [email protected]%Sn, [email protected]%Sn, and [email protected]%W\n· Drillhole PSn02 is near a historical drillhole CN117, which reports [email protected]%Li2O\n· Drillhole PSn13 is ongoing, after which drilling will focus on the shallower, higher grade lithium areas in the main section of the deposit\n \nKiran Morzaria, Chief Executive Officer of Rare Earth Minerals, commented:\n \n\"We are excited to see the progress at the Cinovec lithium project, the ongoing drilling programme, is showing excellent results, which bode well for the on-going development large scale lithium, tin and tungsten project. We look forward to the next phases of drilling, targeting the higher grade shallower areas of the deposit\"\n \nQualified Person: \nKiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance).\n \n- Ends -\nFor further information, please contact: \nRare Earth Minerals plc\nAndrew Suckling &...