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Drilling Update - Toral Project, Spain
Drilling Update - Toral Project, Spain.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \nRNS Number : 7829F Europa Metals Ltd 31 October 2018 \n\n31 October 2018\nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\")(ASX, AIM, JSE: EUZ)\nZn, Pb & Ag mineralisation intersected in all RC Extension drill holes, Toral Project, Spain\nHighlights:\n· Resource expansion potential identified at the Company's wholly owned Toral lead-zinc-silver project, northern Spain (\"Toral\" or the \"Toral Project\")\n· Four hole extension drilling campaign extends the boundaries of the mineralisation 200 metres to the east of the pre-existing defined JORC (2012) mineral resource estimate\n· Structural continuity confirmed to the east of the pre-existing resource area, with every Reverse Circulation (\"RC\") drill hole encountering limestone/slate contact containing Zn, Pb and Ag mineralisation \n· Drill hole TOR-14 assayed unexpectedly high-grade results near to surface\n· Cost effective RC drilling programme targeted areas all within 300 metres of surface. The current Phase II Diamond Drilling programme is being conducted within the pre-existing defined resource area, with the first holes of infill drilling completed on budget and to schedule\nEuropa Metals, the European lead-zinc explorer, is pleased to announce assay results from its recently completed Phase 1 drilling campaign at its wholly owned Toral Project. The RC drilling programme intersected Zn, Pb & Ag mineralisation in all 4 holes drilled, targeting to a depth within 300 metres of the topographic surface. This campaign is the first by Europa Metals' geological team in Spain outside of the pre-existing defined JORC (2012) resource area for the Toral Project and extends the presence of known mineralisation 200 metres east of the current block model. As announced on 20 September 2018, the Toral Project has an existing JORC (2012) Inferred mineral resource estimate of [email protected]% Zn Equivalent (including Pb credits) and 24g/t Ag. \nAll objectives of the RC drilling programme were met following the identification of the mineralised contact zone along the Toral Licence area. Europa Metal's geological team is also considering the results of the TOR-14 drill hole that returned 2 metres at 11.72% zinc equivalent from 251-25...