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Final Drilling Results from Cinovec Project
Final Drilling Results from Cinovec Project.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5794W Rare Earth Minerals PLC 10 February 2017 \n\nRare Earth Minerals Plc\n \n(\"Rare Earth Minerals\", \"REM\" or \"the Company\")\n \nFinal Drilling Results from the Cinovec Lithium & Tin Deposit\n \nRare Earth Mineral Plc (AIM/ISDX: REM; OTC: REMMY) is pleased to report the analytical results for the final three drillholes from the recently completed drilling programme at the Cinovec Main sector of the deposit.\nA 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.\nREM holds a 20.76% economic interest in Cinovec, via its interest in European Metals Holdings Limited (\"EMH\"). Cinovec contains the largest lithium resource in Europe and one of the largest undeveloped tin resources in the world.\nThe full EMH release is available at: http://europeanmet.com/assets/20170210_-_EMH_Final_Drilling_Results_(Final_Draft).pdf\nHighlights from the EMH release:\n· Analytical results for further three drillholes at Cinovec Main confirmed or exceeded the expected lithium content and mineralisation widths.\n· The drillholes CIW-25, CIW-27 and CIW-06, are located in a central part of the deposit, filling a gap between the western edge of the Cinovec deposit and the historic vein deposit Cinovec-Central.\n· Hole CIW-25 contains the Company's longest Li intercept to date of 361.5m averaging 0.43% Li2O, incl. a high-grade Li interval of 14.7m averaging 0.93% Li2O. Moreover, significant intervals of Sn and W are included: 2m @ 1.67%Sn and 0.216% W and 2m @ 0.76%Sn and 0.319% W.\n· Hole CIW-27 retuned a Li intercept of 235m averaging 0.49% Li2O, incl. high grade zones of 14m @ 0.97% Li2O and 2m @ 1.79%Li2O.\n· Hole CIW-06 intercepted a Li interval of 258.5m averaging 0.44% Li2O, containing high-grade intercepts of [email protected]%Li2O, [email protected]%Li2O and [email protected]%Li2O.\n· The updated drill database and geologic model for Cinovec have been completed and provided to Widenbar and Associates. The block model will be updated within the next fortnight, as all the analyses of the core from the drilling progr...