Business
Drilling Update
Drilling Update.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \nRNS Number : 4995B Europa Metals Ltd 31 January 2020 \n\n31 January 2020 \nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\nHole TOD-025 and Wedge Completed, Toral Pb, Zn, Ag Project, Spain\nEuropa Metals, the European focused lead-zinc and silver developer, is pleased to provide a drilling update in respect of its wholly owned Toral lead, zinc and silver project (\"Toral\" or the \"Toral Project\") situated in the region of Castilla y León, north west Spain.\nHighlights:\n· Drill hole TOD-025 completed;\n· Visual review of intersected mineralisation resulted in a decision to drill beyond the original target depth of 420 metres to 497 metres;\n· Opportunity identified to drill a wedge, TOD-025D, which has been completed;\n· Company targeted the highest grade areas of Toral, based on the pre-existing JORC (2012) mineral resource estimate and block model, with this diamond drilling campaign which has now been concluded; and\n· Core samples to be sent for independent assay, with the results expected to be announced later in Q1 2020.\n \nThe Company is pleased to announce that the drilling of hole TOD-025 has been completed, with a wedge, TOD-025D, also being drilled off the parent hole which concludes the latest drilling campaign. Core samples obtained from both holes TOD-025 and TOD-025D, and the previously drilled hole TOD-024, will shortly be sent for independent assay. \n \nFurther to visual review of mineralisation intersected during the drilling of hole TOD-025, a decision was made to continue drilling beyond the original target depth of 420 metres to 497 metres. On completion of this hole, the opportunity was taken to immediately commence a wedge from the parent hole, which has now been successfully concluded at a depth of 500 metres. As previously announced, the independent assay results from this latest drill programme are expected to be received and announced later in Q1 2020.\n \nHoles TOD-024, TOD-025 and TOD-025D are located in the highest grade areas of the Toral Project, to the west of the current Indicated JORC (2012) mineral resource estimate and within the global (Inferred) resource zone. These holes have targeted areas to infill between historic drill holes and within areas of spec...