Business
Operational and Strategic Update
Operational and Strategic Update.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \nRNS Number : 5083A Europa Metals Ltd 22 January 2020 \n\n22 January 2020 \nEuropa Metals Ltd\n(\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\nOperational and Strategic Update, Toral Pb, Zn, Ag Project, Spain\nEuropa Metals, the European focused lead-zinc and silver developer, announces an operational and strategic 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.\n \nThe Company has commenced the year with a review of both its operations at, and data collated in relation to, its promising Toral Project, including the resource drilling programme and scoping study work conducted over the last two years. As a result, the Board intends to focus the Company's activities on engineering and processing optimisation during the course of H1 2020. The current diamond drilling campaign will therefore conclude following the completion of hole TOD-025, where drilling operations recommenced earlier this month. Samples from holes TOD-024 and TOD-025 will be sent for assay, with results expected later in Q1 2020.\nHighlights: \n· Strategic review of Toral Project's operations/data:\no Company to focus on engineering and processing workstreams in H1 2020 in order to optimise development options for Toral, utilising the significant amount of data generated over the last two years, including the scoping study, resource delineation drilling and ongoing geotechnical, metallurgical and hydrological studies;\no The Board sees limited additional incremental value from conducting further indicated resource delineation drilling at the current time, with the project's pre-existing mineral resource estimate sufficient for economic modelling and mine development decision-making;\no Newsflow expected to be focused on operational deliverables and the project's economics; and\no Cost saving initiatives being implemented.\n· Operations:\no Drilling of hole TOD-025 recommenced in early January 2020. Following completion, samples from both TOD-024 and TOD-025 will be sent for independent assay;\no Metallurgy: second phase testing ongoing in order to complete process flowsheet optimisation;\no Hydrology: water level monitoring stations being...