Business
Final Drilling Results
Final Drilling Results.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 5781W European Metals Holdings Limited 10 February 2017 \n\nFor immediate release\n10 February 2017\nEUROPEAN METALS HOLDINGS LIMITED\nFINAL DRILL RESULTS \n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") is pleased to announce analytical results for the final three drillholes completed under the recently completed drilling programme at the Cinovec Main sector of the deposit.\nA revision of the resource model is now underway and will form the basis of the soon to be completed Preliminary Feasibility Study. It is anticipated this resource model will be finalised and announced in February 2017.\nKey Points:\n\n\n\n\n· Analytical results for further three drillholes at Cinovec Main confirmed or exceeded the expected lithium content and mineralisation widt\n\n\n\n\n· The drillholes CIW-25, CIW-27 and CIW-06 are located in a central part of the deposit, filling a gap between the western edge of the Cinovec deposit and the historic vein deposit Cinovec-Central. \n\n\n\n\n· Hole CIW-25 contains the Company's longest Li intercept to date of 361.5m averaging 0.43% Li2O, incl. a high grade Li interval of 14.7m averaging 0.93% Li2O. Moreover, significant intervals of Sn and W are included: 2m @ 1.67%Sn and 0.216% W and 2m @ 0.76%Sn and 0.319% W. \n\n\n\n\n· Hole CIW-27 retuned a Li intercept of 235m averaging 0.49% Li2O, incl. high grade zones of 14m @ 0.97% Li2O and 2m @ 1.79%Li2O.\n\n\n\n\n· Hole CIW-06 intercepted a Li interval of 258.5m averaging 0.44% Li2O, containing high grade intercepts of [email protected]%Li2O, [email protected]%Li2O and [email protected]%Li2O.\n\n\n\n\n· The updated drill database and geologic model for Cinovec has been completed and provided to Widenbar and Associates. The block model will be updated within the next fortnight, as all the analyses of core from the drilling programme have been received. The block model and resource calculation will form the basis of the Preliminary Feasibility Study.\n\n\n\n\nEuropean Metals CEO Keith Coughlan said: \"I am very pleased to report results from the last three drillholes from the 2016 drilling programme at Cinovec Main. These results continue to either confirm or exceed our expectati...