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Drill Results & Initial Step Toward Mining Licence
Drill Results & Initial Step Toward Mining Licence.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 9387V European Metals Holdings Limited 03 February 2017 \n\nFor immediate release\n3 February 2017\nEUROPEAN METALS HOLDINGS LIMITED\nDRILL RESULTS & INITIAL STEP TOWARDS MINING LICENCE ACHIEVED\n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") is pleased to announce analytical results for two drillholes from the recently completed drilling in the Cinovec Main sector of the deposit. These results confirmed or exceeded the expected lithium content and mineralisation widths.\nIn addition, the Cinovec South Resource has now been added to the Czech State resource register. This is the first step in the process for the granting of a mining permit.\nKey Points:\n\n\n\n\n· Hole CIW-22 contains the best lithium intercept to-date from the Company's drill programme of 264.5 m averaging 0.54% Li2O.\n\n\n\n\n· This hole also contains significant tungsten, tin, niobium and tantalum mineralization. For example, the best interval between 238m to 240m averages 0.86% Li2O, 0.41% Sn, 2.92% W, 868ppm Nb, 150ppm Ta. The tungsten grade in particular was significantly higher than expected.\n\n\n\n\n· Hole CIW-26 returned an interval of 236.25m averaging 0.49%Li2O (including high-grade intervals [email protected]%Li2O, [email protected]% Li2O, [email protected]% Li2O, [email protected]% Li2O, [email protected]% Li2O, [email protected]% Li2O, [email protected]% Li2O.\n\n\n\n\n· Drillhole CIW-26 is located at the western edge of the deposit near the contact of the mineralisation. Drillhole CIW-22 is located in the central part of Cinovec Main. \n\n\n\n\n· All remaining analytical results from the program will be released next week.\n \n\n\n\n\n· Geological information from all 17 drillholes has been compiled into the Cinovec database and serves to update the geological model for Cinovec Main. The geologic model will be used to constrain and update the current block model. The block model will be updated in early February when all analyses will be available. The block model and resource calculation will be part of the Pre-Feasibility Study. \n\n\n\n\n \nEuropean Metals CEO Keith Coughlan said: \"I am pleased to report results from two additional drillholes from the recently completed drilling ...