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Drill Rig Contracted - Toral Project, Spain
Drill Rig Contracted - Toral Project, Spain.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \nRNS Number : 6593U Europa Metals Ltd 16 July 2018 \n\n16 July 2018\nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\")(ASX, AIM, JSE: EUZ)\nCombination Drill Rig Contracted for Exploration Programme - Toral Project, Spain\nEuropa Metals, the European lead-zinc explorer, announces that it has secured a combined Reverse Circulation (\"RC\") and Diamond drilling rig (the \"Combination rig\") for mobilisation to its Toral lead-zinc-silver project located in the Province of Leόn, northern Spain, during August 2018. The Combination rig and associated operating crew is being supplied by Sondeos y Perforaciones Industriales de Bierzo SA (\"SPI\") and will be overseen by the Company's on-site exploration team.\n \nThe Combination rig is one of only a few of its type in Spain and has been deployed on a series of recent, succesfull drilling programmes. Such rigs, used extensively on Australian drilling programmes, offer the following advantages for implementation of the Company's planned exploration programme at Toral:\n\n\n\n\n•\n\n\nInitial extension drilling to the East of the main ore body, to a targeted depth range of 150-200 metres below surface, can be undertaken using more cost effective RC drilling;\n \n\n\n\n\n•\n\n\nThe ability to switch the rig to Diamond drilling (as per all other drilling at Toral performed to date) affords the exploration team flexibility, depending on the initial results achieved, in terms of depth and the greater deviation control provided by Diamond drilling; and\n \n\n\n\n\n•\n\n\nFollowing the completion of extension drilling, the same rig can be utilised for the phase 2 infill drill programme, within the existing inferred ore body, seeking to increase the existing maiden JORC 2012 compliant resource estimate (please refer to the Company's announcements of 30 January 2018 and 6 February 2018 for full details of such resource estimate) and complete geotech holes for a final, full, feasibility study in due course. \n\n\n\n\n \nThe contract with SPI has been standardised to global norms incorporating payment terms based on efficient core recovery. All work will be overseen by Mr Luiz Perez, Europa Metal's new Exploration Manager, who was previously in charge of the exploration drill programmes for Berkeley Energia Limited's Spanish assets. \n \n&nbs...