Business
Drill Results and Appointment of DFS Manager
Drill Results and Appointment of DFS Manager.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 1025O European Metals Holdings Limited 16 August 2017 \n\nFor immediate release\n16 August 2017\nEUROPEAN METALS HOLDINGS LIMITED\nDrill Results and Appointment of DFS Manager\n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") (ASX & AIM: EMH) is pleased to report on its ongoing infill drilling program and announce analytical results for the first drillhole CIS-4 at the Cinovec Lithium-Tin Project (\"the project\" or \"Cinovec\"). \nIn addition, the Company is pleased to announce the appointment of Mr Craig Reimer as the Manager of its Definitive Feasibility Study.\nHIGHLIGHTS\n\n\n\n\n· Infill drilling continues in the southwest section of the deposit, targeting two 'gaps' in the resource model that could potentially be targeted for mining in the initial years. \n\n\n\n\n· Altogether, five out of 6 planned drillholes have been completed this year, for a total of 2163.1m. \n\n\n\n\n· Assays have been received for the first drillhole CIS-4, which returned a continuous mineralized intercept of 148.30m averaging 0.40%Li2O, starting at 297.7m drill string depth.\n\n\n\n\n· In addition, the upper section of the main lithium interval contains significant tin and tungsten mineralization: 15.85 meters averaging 0.70% Li2O, 0.29% tin and 0.073% tungsten. \n\n\n\n\n· Experienced Project Manager, Craig Reimer has been appointed to head the Company's Definitive Feasibility study.\n\n\n\n\n \nEuropean Metals Managing Director Keith Coughlan said, \"We are very pleased with the drilling progress to date and the results for the first hole CIS-4 drilled this year. The lithium and tin mineralization intersected in the first hole is strong and continuous and will increase the size of our current inferred and indicated resource at Cinovec south. This will provide additional options for optimizing production and development schedule. I am particularly pleased with the strong tin and tungsten credits in this part of the Cinovec South deposit. \nIn addition, we welcome Craig Reimer as the Manager of the Definitive Feasibility Study. Craig is a hugely experienced Project Manager and has worked for numerous clients in Australia and over...