Business
Resource Drilling Commenced
Resource Drilling Commenced.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 3321G European Metals Holdings Limited 05 November 2018 \n\nFor immediate release\n5 November 2018\nEUROPEAN METALS HOLDINGS LIMITED\nRESOURCE DRILLING COMMENCED - GEOTECHNICAL STUDIES CONTINUE\n \nEuropean Metals Holdings Limited (\"European Metals\" or \"the Company\") is pleased to provide a project update highlighting further significant advancements made in the development of the Cinovec Lithium-Tin Project (\"the project\" or \"Cinovec\").\n \nHIGHLIGHTS\n \n\n\n\n\n· The planned diamond drilling resource campaign has commenced.\n\n\n\n\n· A total of eight resource drill holes will be completed during this campaign with the first hole already completed.\n\n\n\n\n· Geophysical logging of the first four geotechnical drill holes at the proposed mine portal site has been completed.\n\n\n\n\n· A further five geotechnical drill holes are planned once resource drilling has been completed.\n\n\n\n\n \nThe Company can confirm that resource drilling has commenced and that the first hole, CIS-10, has been completed at 340 metres, following the Company receiving permission from the statutory authorities in the Czech Republic for the commencement of this year's planned diamond drilling campaign. \n \nAs reported on 1 October 2018 (DFS LEVEL DRILLING PERMITS GRANTED - LITHIUM HYDROXIDE TESTWORK COMMENCED), drilling is aimed at converting a sufficient portion of the existing Indicated Mineral Resource to the Measured Resource category to cover the first two years of the scheduled mining plan. A total of eight diamond drill holes will be completed for 2,560 metres. The area to be drilled is shown in Figure 1.\n \nThe Company is also pleased to report the completion of downhole geophysical logging of the initial four geotechnical holes that were reported on 4 September 2018 (CINOVEC PROJECT UPDATE - SIGNIFICANT ADVANCEMENTS) for the portal area. \n \nA further five geotechnical holes along the planned mining 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 portal and decline.\n \nEuropean Metals Managing Director Keith Coughlan commented, \"We are very pleased ...