Business
Measured Resource Drilling Commenced
Measured Resource Drilling Commenced.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \n \n RNS Number : 6141V\n European Metals Holdings Limited\n 10 August 2020\n \n \n \n \n For immediate release\n \n 10 AUGUST 2020\n EUROPEAN METALS HOLDINGS LIMITED\n \n MEASURED RESOURCE DRILLING COMMENCED \n \n \n \n \n European Metals Holdings Limited (ASX & AIM: EMH, FSE: E861.F) (\"European Metals\" or the \"Company\") is pleased to advise that Measured Resource drilling has commenced at the Cinovec Lithium-Tin Project (\"the project\" or \"Cinovec\"). \n \n HIGHLIGHTS \n \n \n • \n \n A total of nineteen resource drill holes will be completed during this campaign for a total of 5,550 m, with the first hole well advanced. \n \n \n \n • \n \n A further two hydro-geological drill holes and four geotechnical drill holes are planned once resource drilling has been completed. \n \n \n \n \n \n \n • \n \n The programme will provide approximately 10t of drill core for further metallurgical testing and to generate samples.\n \n \n \n \n \n \n The Company can confirm that drilling has commenced and that the first hole, CIS-18, is on schedule for completion at 275 metres. The programme commenced following the Company receiving permission from the statutory authorities in the Czech Republic for this year's planned diamond drilling campaign. \n \n \n Drilling is aimed at converting a sufficient portion of the existing Indicated Mineral Resource to the Measured Resource category and subsequently to a Mineral Reserve, to cover the first two years of the scheduled mining plan and obtaining a sufficient amount of ore samples for the next phase of metallurgical testing. The majority of the material will be utilised in the pilot scale testing for the Front End Engineering Design (\"FEED\") Study.\n \n \n A total of nineteen diamond drill holes will be completed for 5,550 metres. The area to be drilled is shown in Figure 1. \n \n \n A further four geotechnical holes along the planned underground decline route will be drilled and logged subsequent to the completion of the resource drilling. This data will allow final development ready designs to be completed for the declines. \n \n \n Keith Coughlan, Executive Chairman of European Metals commented \"It is very pleasing to be able to get back to drilling on the Project. There are no Covid 19 related movement restrictions or limitations and the...