Business
Drilling/Production Report
Drilling/Production Report.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 5394Y European Metals Holdings Limited 18 May 2016 \n\n18 May 2016 For immediate release\n \n \nEUROPEAN METALS HOLDINGS LIMITED\nUpgrade and Increase in Lithium Resources at Cinovec\n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") (ASX and AIM: EMH) is pleased to announce the upgrade of Mineral Resources at the Cinovec lithium/tin project in the Czech Republic.\nThe lithium and tin resources have been updated using data from five new drill holes. Resource classifications have been revised on the basis of the new data.\nHighlights:\n \n\n\n\n\n· Maiden lithium (Li) Indicated Resource of 0.5Mt LCE, contained in 49.1Mt @ 0.43% Li2O (0.1% Li cutoff)\n\n\n\n\n· Li Total Resource increased to 5.7Mt LCE, contained in 532Mt @ 0.43% Li2O (0.1% Li cutoff)\n\n\n\n\n· Additional Li Exploration Target remains 3.4 to 5.3Mt LCE, contained in 350 to 450Mt @ 0.39 to 0.47% Li2O (0.1% Li cutoff) \n\n\n\n\n· Tin (Sn) Indicated Resource more than doubled to 15.7Mt @ 0.26% Sn, 0.50% Li2O (0.1% Sn cutoff) for 40kt Sn, 0.19Mt LCE\n\n\n\n\n· New drilling supports the original Cinovec model, providing confidence that additional drilling will result in significant resource upgrades and increases\n\n\n\n\n \nEuropean Metals Managing Director Keith Coughlan said, \"I am very pleased to report this upgrade to Cinovec's Mineral Resources. Not only have we defined a maiden lithium Indicated Resource, but we have...