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Cinovec Lithium - Tin Project Drilling Update
Cinovec Lithium - Tin Project Drilling Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 3714D Rare Earth Minerals PLC 06 July 2016 \n\nRare Earth Minerals Plc\n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nCinovec Lithium - Tin Project Drilling Update\n \nRare Earth Mineral Plc (AIM: REM ; OTC: REMMY) is pleased to report the European Metals Holdings Limited (\"EMH\"), in which REM owns a 16.4% shareholding, has provided an update and assay results from its ongoing drilling programme at the Cinovec Lithium- Tin Project in Cinovec (\"the project\" or \"Cinovec\"). The full EMH announcement can be found at: http://europeanmet.com/assets/6_July_-_EMH_-_Drill_Program_Update_-_Final_-_Inc_JORC_copy_1.pdf\n \n \nHighlights:\n· Drillhole PSn13 returned main mineralized intercept of 167.1m averaging 0.36%Li2O.\n· This intercept includes high-grade intervals of 12m averaging 0.77% Li2O \n· and 7m averaging 0.87% Li2O, as well as a tin-enriched interval of 8m averaging 0.16% Sn.\n· Several other lithium intervals were intercepted at shallower depth, of which the best is 19.5m averaging 0.42% Li2O. This interval includes a 2m wide high-grade tin-tungsten zone grading 0.75% Li2O, 1.46% Sn and 0.55% W.\n· Drilling commenced in the shallower, higher grade lithium areas in the main section of the deposit. Two core drillholes are in action with the third expected to start drilling within 15 days.\n· Pre-Feasibility Study is underway with progress and milestones to be reported within the next week.\n \nKiran Morzaria, Chief Executive of REM, commented:\n \n\"The continued success of the drilling of programme at Cinovec is very encouraging for the overall development of this large lithium and tin asset. We look forward to reporting on the progress of the Pre-Feasibility study and the project milestones. We believe that the Cinovec deposit, if commercilaised could represent a lower quartile lithium carbonate producer, in particular due to the tin content and therefore credits contained within 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 Geol...