Business
Hydrogeological Study Completed
Hydrogeological Study Completed.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \n \n RNS Number : 4229E\n Europa Metals Ltd\n 28 February 2020\n \n \n \n \n 28 February 2020 \n \n \n Europa Metals Ltd\n \n \n (\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\n \n \n Initial Hydrogeological Study Completed and First Water Monitoring Stations Established, Toral Pb, Zn & Ag Project, Spain \n \n \n Europa Metals, the European focused lead-zinc and silver developer, is pleased to announce the results from a recently completed c\n onceptual hydrogeological study and an update on the water monitoring programme\n 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. \n \n \n \n Highlights\n \n :\n \n \n · \n Objectives of the Company's hydrogeological programme:\n \n \n o \n Monitor local baseline conditions at Toral to assess the project's potential impact on the area;\n \n \n o \n Analyse water conditions within the potential future mining area; and\n \n \n o \n Interpret data and use conclusions for updated project economics which will ultimately form part of a proposed full mine development application; \n \n \n · \n 8 piezometers for monitoring local water conditions now in place at Toral and first baseline data received - monitoring expected to be run on a quarterly basis;\n \n \n · \n Initial hydrogeological study concluded:\n \n \n o \n Project hosted in limestones but does not have developed levels of drainage created from the dissolution of sedimentary material (likely seal against the surrounding water table); \n \n \n o \n 245.55l/s flow across the proposed mineable project area falls well within acceptable levels for economic mine development; further work, including a borehole test, will need to be undertaken to enable a pre-feasibility study (\"PFS\");\n \n \n · \n Future project operations deemed unlikely to have a detectable influence on the Sil River located in the immediate vicinity.\n \n \n \n Laurence Read, Executive Director of Europa Metals, commented\n \n :\n \n \n \n \"Assessing water conditions is a crucial component of any mine development proposition. The monitoring of local water conditions from the newly installed \n \n \n piezometers will enable us to model and understand the existing local hydrogeological condi...