Business
Drilling Results
Drilling Results.
About this update from Europa Metals Limited
[{"type":"text","content":"\n\n19 May 2023\nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\nDrilling Results\nEuropa Metals, the European focused lead, zinc and silver developer, is pleased to announce the first assay results from its ongoing infill diamond drilling programme being conducted by Explomin Perforaciones UE S.L. (\"Explomin\"), at the Company's 100% owned Toral Pb, Zn & Ag project (\"Toral\" or the \"Toral Project\"). This drilling programme forms part of the 2023 exploration campaign agreed by Europa Metals Ltd (\"Europa Metals\" or the \"Company\") and Denarius Metals Corp (TSXV:DSLV; OTCQX: DNSRF) (\"Denarius\") pursuant to the definitive option agreement dated 22 November 2022, further details of which are set out in the Company's announcement of 23 November 2022.\n \nHighlights:\n· Significant intersection from drillhole TOD-043 of [email protected]% ZnEq(PbAg)*, including:\no [email protected]% ZnEq(PbAg)*\n· Hole TOD-043 has been successful in intersecting high grade mineralisation adjacent to an existing, previously reported, high grade intersection within the project's Indicated Resource block outlined to date.\nThe current focus of the drilling campaign comprises approximately 11 holes for a total of up to 7,000m, including a combination of confirmatory and infill drilling within the project's known indicated resource area outlined to date, of 7Mt @ 8.1% Zn Equivalent (including Pb credits), 5% Zn, 3.7% Pb and 29g/t Ag. Once completed, the campaign's results will then be applied to commission an updated independent mineral resource estimate later in the year.\n \nCommenting today, Myles Campion, Executive Chairman and acting CEO of Europa Metals said:\n\"The first drill hole of our infill and confirmatory campaign has illustrated the robust nature of Toral and the current indicated resource. Hole TOD-043 has displayed a thick, well mineralised intersection in keeping with the existing holes in the area. We look forward to providing further updates as we progress through the rest of the drilling programme as results become available\".\nThe drilling parameters for the assay results reported for hole TOD-043 are presented in the table below:\n\n\n\n\nHOLE_ID\n\n\nEASTING\n\n\nNORTHING\n\n\nELEVATION (m)\n\n\nLENGTH (m)\n\n\nCOOR_SYS\n\n\n\n\nTOD-043...