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Positive Drilling Results at Monchetundra
Positive Drilling Results at Monchetundra.
About this update from Eurasia Mining Plc
[{"type":"text","content":"\n \nRNS Number : 9922V Eurasia Mining PLC 22 April 2016 \n\n \n \nEurasia Mining plc (AIM: EUA)\n \n(\"Eurasia\" or the \"Company\")\n \n \nPositive drilling results at Monchetundra PGM licence, Kola Peninsula\nEurasia Mining plc, the Russia focused PGM exploration and development company, is pleased to report positive intermediary drilling results from the 2015/16 drilling programme at the Monchetundra Project on the Kola Peninsula, northwest Russia. Core drilling and shallow geochemical sampling of glacial till commenced on the licence in August 2015 and focussed on the West Nittis and Loipishnune Areas. The shallow geochemical drilling program is 100% complete with 20% of holes already assayed and the remainder to be processed and announced in due course. Core logging and assaying is still in progress on 12 of a total of 22 core drilling holes. The positive findings here reported should therefore be regarded as intermediary.\nHighlights:\n- Total of 4,163.9m of core drilling completed in 2015/2016 to date. \n- Infill drilling at West Nittis confirms continuous mineralisation and should allow definition of a C1 Reserve (see below).\n- 339 drill core assay results have been received from the internationally accredited Irgiridmet laboratory facility in Irkutsk. 542 geochemical samples processed. \n- Geochemical till sampling effective in defining mineralised areas. A total of 10,000m of shallow geochemical drilling was undertaken at the West Nittis and Loipishnune areas.\n- 320m3 of trenching completed.\n- Site visit by a Rosprirodnadzor (Russian Natural Resources Inspectorate) expert group in late March confirms the work and licence to be in good standing. No issues have been identified.\n \n \nBackground to West Nittis Area exploration\n \nThe West Nittis Area was identified as prospective for high grade PGM mineralisation in 2011 and is considered a continuation of the known Nittis-Kumuzhya-Travyanaya Massif. Drilling by Eurasia has, to date, been to the east of a north/south trending geological contact in norite and plagio-pyroxenite rocks, with two types of mineralisation identified. The shallow...