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PFS Drilling Results - Toral Project, Spain
PFS Drilling Results - Toral Project, Spain.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 9420A\n Europa Metals Ltd\n 07 June 2021\n \n \n \n \n 7 June 2021\n \n \n Europa Metals Ltd\n \n \n (\"Europa Metals\", the \"Company\" or the \"Group\") (AIM, AltX: EUZ)\n \n \n Pb, Zn, Ag & Cu PFS Drilling Results - Toral Project, Spain\n \n \n Europa Metals, the European focused lead-zinc and silver developer, is pleased to announce initial assay results from its Pre-Feasibility Study (\"PFS\") diamond drilling programme being conducted by Sondeos y Perforaciones Industriales de Bierzo SA (\"SPI Drilling\") at the Company's 100% owned Toral Pb, Zn & Ag project (\"Toral\" or the \"Toral Project\"). \n \n \n The current infill drilling campaign is seeking to improve the Company's understanding of the deposit to assess the potential for increasing future production in the early years of the planned mine life thereby enhancing the project's pay-back period and profitability.\n \n \n \n \n \n Highlights\n \n \n Results\n :\n \n \n · \n Significant intersections from drillholes TOD-028, 029, 030 & 031, including:\n \n \n o \n TOD-028: 2.4m @ 10.58% ZnEq(PbAg)*; \n \n \n o \n TOD-029: 20.45m @ 2.68% ZnEq(PbAg)* including:\n \n § \n 3.8m @ 8.87% ZnEq(PbAg); and \n \n \n o \n TOD-029: significant widths over 20m suitable for metallurgical ore sorting testwork. \n \n \n \n · \n Drilling campaign's objectives are being achieved in the upper zone of the deposit with regards to both drillhole spacing and metallurgical sample collection.\n \n \n · \n The campaign area is providing results that could support the ore sorting processing route identified in the 2020 independent preliminary economic study, with significant widths of <4% cut-off grade being intersected. \n \n \n · \n Both siliceous and carbonate styles of mineralisation intersected as expected.\n \n \n · \n Detailed geotechnical data captured to contribute to the PFS-level mine design.\n \n \n · \n As previously reported, four daughter holes were drilled from TOD-029 (designated TOD-029 a-d) following pre-assay inspection of the intersections. The assay results support the decision to target a meaningful mineralised sample from the TOD-029 daughter holes to undertake further ore-sorting testwork for the PFS.\n \n \n · \n Drilling is ongoing and further updates will be provided once additional results ar...