Business
Updated Resource Estimate
Updated Resource Estimate.
About this update from Europa Metals Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 6336N\n Europa Metals Ltd\n 01 October 2021\n \n \n \n \n 1 October 2021\n \n \n Europa Metals Ltd\n \n \n (\"Europa Metals\", the \"Company\" or the \"Group\") (AIM\n , AltX: EUZ\n )\n \n \n Updated Mineral Resource Estimate - 55% Increase in Indicated Resource\n \n \n for 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 of an updated independent Mineral Resource Estimate, reported in accordance with JORC (2012), in respect of its wholly owned Toral lead-zinc-silver project located in northern Spain (\"Toral\" or the \"Toral Project\").\n \n \n \n Highlights\n \n :\n \n \n · \n Updated independent Indicated and Inferred Mineral Resource Estimate for Toral, reported in accordance with JORC (2012). The \n input database for the \n estimate, included:\n \n \n o \n 172 diamond drill holes (including wedges) and 4 reverse circulation (RC) drill holes totalling 59,658.73 metres of drilling (including environmental drillholes), and 19 underground channels for 18.75 metres.\n \n \n o \n 8 new parent mineral exploration drill holes TOD-028 to TOD-035 and six new daughter drill holes (metallurgical/geotechnical data), and one failed daughter hole.\n \n \n o \n Application of updated fault models.\n \n \n o \n Application of new lithological facies domain models.\n \n \n · \n Indicated resource estimate of approximately 5.9Mt @ 7.1% Zn Equivalent (including Pb credits) and 27g/t Ag, representing an approximate:\n \n \n o \n 55% increase in Indicated resource tonnes;\n \n \n o \n 39\n % increase in Indicated contained tonnes of zinc to approximately 251,000 tonnes;\n \n \n o \n 30% increase in Indicated contained tonnes of lead to approximately 196,000 tonnes; and\n \n \n o \n 40% increase in Indicated contained ounces of silver to approximately 5.2 million ounces.\n \n \n · \n A total resource of approximately 20Mt @ 6.3% Zn Equivalent (including Pb credits), 3.9% Zn, 2.7% Pb and 22 g/t Ag, including:\n \n \n o \n 790,000 tonnes of zinc, 550,000 tonnes of lead and 14 million ounces of silver. \n \n \n \n \n \n Outlook\n \n \n The Company expects to integrate the updated resource estimate, with the substantially increased indicated resource and ...