Business
Resource Upgrade at Cinovec Lithium Project
Resource Upgrade at Cinovec Lithium Project.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \n \n \n RNS Number : 9149O\n European Metals Holdings Limited\n 13 October 2021\n \n \n \n \n 13 October 2021\n \n \n RESOURCE UPGRADE AT CINOVEC LITHIUM PROJECT TO 708MT INCLUDING 53.3 MT OF NEW MEASURED RESOURCE\n \n \n \n \n \n European Metals Holdings Limited (EMH, Company) (\n \n ASX & AIM: EMH, Nasdaq ADS: EMHXY\n \n ) is pleased to announce final drill results and an upgraded mineral resource estimate for t\n he lithium and tin resources in the Cinovec Lithium-Tin deposit in the Czech Republic.\n \n \n The Company has recently completed a drilling campaign at Cinovec South, comprising 22 diamond drill core holes for 6,622 metres, with the goal of increasing resource certainty in the existing resource model in and around the initial planned mining areas and upgrading part of the resource from the Indicated category to the higher confidence Measured category. \n \n \n \n Highlights\n \n \n · \n \n Re-classification of 53.3 million tonnes (\n \n \n MT\n \n \n ) into Measured resource category grading 0.47% Li2O and 0.08% Sn.\n \n \n \n · \n \n 28.5 MT of Inferred resource upgraded to Indicated resource category \n \n \n \n · \n \n The Measured and Indicated resource has increased from 372.4 to 413.4 MT @ \n \n \n 0.47% Li2O and 0.05%Sn\n \n \n .\n \n \n \n · \n \n The total Measured, Indicated and Inferred resources have increased by 12.3MT to 708.2MT @ 0.43% \n \n \n Li2O and 0.05% Sn (0.1% Li (0.2153% Li2O) Cut-off).\n \n \n \n · \n \n Increase in overall resource to 7.39 MT LCE\n \n \n \n · \n \n Analysis received for final 10 diamond core holes in the Geomet s.r.o. drilling program including:\n \n \n \n o \n \n Hole CIS-16 returned 101.7m averaging 0.59% Li2O, incl. 11.35m @ 0.85% Li2O\n \n \n \n o \n \n Hole CIS-32 returned 61m averaging 0.66% Li2O and 0.17% Sn, incl. 30.5m @ 0.30% Sn\n \n \n \n o \n \n Hole CIS-33 returned 113.3m averaging 0.54% Li2O, incl. 14.7m @ 0.60% Li2O\n \n \n \n o \n \n Hole CIS-34 returned 111.4m averaging 0.54% Li2O and 0.13% Sn, incl. 21.15m @ 0.71% Li2O and 0.57% Sn\n \n \n \n \n \n \n European Metals Executive Chairman Keith Coughlan said\n , \"The primary stated aim of this drilling program was to convert a larger portion of the resource to the measured category to provide greater certainty of the financial model and security to fina...