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Initial Sample Results – Copper Tailings Project
Initial Sample Results – Copper Tailings Project.
About this update from European Green Transition Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n 23 July 2024\nEuropean Green Transition plc\n(\"European Green Transition\", \"EGT\" or \"the Company\")\nEncouraging Preliminary Sample Results from Copper Tailings Recycling Project\n \n \nEuropean Green Transition (AIM: EGT), a company developing green economy assets in Europe which aims to capitalise on the opportunity created by the green energy transition, is pleased to announce what it believes are encouraging results from samples taken from its Copper Tailings Recycling Project at Limni in Cyprus.\n \nHighlights\n \n· The first stage of diligence on the Cyprus Copper Tailings Recycling Project at the past-producing Limni copper mine has delivered encouraging results across 68 samples.\n· Acid soluble copper ranging from 0.41% to 0.92% found in crusts clearly demonstrates the presence of copper in water at surface.\n· Results also indicate potential upside for gold, with samples of up to 1.48 g/t Au recorded from waste near the edge of the pit.\n· EGT will now progress to the next stage of diligence as part of its option agreement (as announced on 29 April 2024) to develop a copper tailings recycling project through low-cost water treatment and tailings development, with subsequent potential for solar development.\n \nAiden Lavelle, Chief Executive Officer of European Green Transition, said:\n \n\"The first stage of diligence at the Limni site has yielded encouraging results, indicating the potential for recovering a meaningful amount of copper, in addition to newly identified gold potential at the site which offers further upside for the project. Dry sulphate crust samples returned grades of acid soluble copper ranging from 0.41% Cu to 0.92% Cu and averaging 0.756% Cu. We were also pleased to find indications of gold in rock chip samples taken from the pit edge, with results up to 1.48 g/t providing additional upside value.\n \n\"As a next step, we will no...