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Cinovec Lithium Project - Drilling Update
Cinovec Lithium Project - Drilling Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0824M Rare Earth Minerals PLC 15 January 2016 \n \n\nRare Earth Minerals Plc.\n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nCinovec Lithium Project - Drilling Update\n \nRare Earth Mineral Plc (AIM: REM) advises that European Metals Holding Limited (\"European Metals\"), a company that REM holds a 11.87% equity interest in, has announced the completion of four core holes totalling 1655.3m at the Cinovec Lithium-Tin-Tungsten Project in the Czech Republic (\"the project\" or \"Cinovec\"). In addition, the results for second completed hole PSn05 have been received. The full European Metals news release dated 17 November 2015 is available at: http://europeanmet.com/assets/15_January_2016_-_EMH_Drilling_Update_-_Final.pdf. The full text of the European Metals RNS is shown below.\n \nKey Points from the Release:\n· Drillhole PSn05 returned intercepts of 29.5m @ 0.25% Li2O from 83.5m to 113m and 152.2m @ 0.47% Li2O from 229.9m to end of hole at 382.1m\n· The mineralized intercept includes a high grade interval of 14m averaging 1.08% Li2O, from 276m to 290m depth\n· In addition, the lithium intercept contains zones enriched in Sn and W, i.e. [email protected]%Sn (248m to 252m), [email protected]%Sn (277m to 280m), and [email protected]%W (278m to 283m)\n· PSn05 is an infill hole and the analytical results are in line with the Company's expected grade and width of the mineralized intercepts \n· Four holes (PSn05, PSn06, PSn07 and PSn01) completed to date for 1655.3m\n· All core samples from PSn07 and PSn01 submitted to ASL Laboratories for analyses\nKiran Morzaria, REM's Chief Executive Officer, commented:\n\"The continued progress and results of the Cinovec Lithium-Tin-Tungsten project is highly encouraging, in particular the mineralised intercept includes a high grade interval of 14m averaging 1.1% Li2O, and zones enriched in tin and tungsten all of which have the potential to reduce the unit production cost of lithium carbonate. We look forward to the results from the remaining holes.\"\n \nQualified Person:\nKiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kira...