Business
Infill Drilling Commenced
Infill Drilling Commenced.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 1777G European Metals Holdings Limited 25 May 2017 \n\nFor immediate release\n25 May 2017\nEUROPEAN METALS HOLDINGS LIMITED\nINFILL DRILLING COMMENCED\nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") (ASX and AIM: EMH), is pleased to announce the commencement of a focused infill drilling program at Cinovec South. \nHIGHLIGHTS\n\n\n\n\n· Six core drillholes for a total of 2,800m planned.\n\n\n\n\n· Infill drilling in two areas where data density low and 'gaps' in the resource model occur.\n\n\n\n\n· Expected to add high grade resource at Cinovec South in critical areas where mining will start.\n\n\n\n\n· Results will be utilized during the DFS program to optimize the current mine plan.\n\n\n\n\n \nEuropean Metals Managing Director Keith Coughlan said, \"I am pleased to announce that we have started to drill the first of six drillholes planned at Cinovec South this year. The program will close two gaps in our newest block model, where 'n' blocks were established in the new block model due to paucity of data. Our geologic model suggests that this drilling program will convert the no-class blocks and a good part of the Inferred blocks into Indicated category, which will make them available for mine plan optimization. Based on geologic model, the no-class blocks are mostly in greisen and greisenized granite, which means we can expect higher Li and Sn grades. By adding high quality resource in areas of initial mining the economic model for Cinovec will be further optimised.\" \n \nGEOLOGY\nThe most recent block model prepared by Widenbar and Associates for the PFS study contains three classes of resource. In addition to Indicated and Inferred Resource, a so called 'no-class' material is defined in two areas at Cinovec South. This forms 'holes', or 'gaps', within the Inferred resource, and is caused by paucity of analytical data at the increased resolution of the most recent resource model (see Figure 1). The 'no-class' material is located in parts of the deposits where greisen and greisenized granite are well developed, and flanked by high grade Li and Sn resource blocks (see Figure 2). The 2017 drill program, which just started, is de...