The stand out comment on today’s RNS Number : 2794P
“These results and the previously announced drillholes will now be used to enable an interim update of the resource model to be completed. This resource is anticipated to be released in the next 2 weeks.”
· Analytical results for further three drillholes at Cinovec Main confirmed or exceeded the expected lithium content and mineralization widths.
· The best results are from CIW-14: 82 m averaging 0.48% Li2O, and 175m averaging 0.40%Li2O. The first inteval includes high-grade intervals email@example.com%Li2O and firstname.lastname@example.org%Li2O. The mineralised intercepts are summarized in Tables that are part of this news release, below.
· Drilling continues in the western part of the Cinovec deposit (targeting high grade zones near the rhyolite/granite contact) and in the central part (targeting near-surface mineralization on the flanks of the historic underground mine).
European Metals Holdings Limited (“European Metals” or “the Company”) (ASX and AIM: EMH) is pleased to announce analytical results for the confirmation drillholes CIW-13, CIW-14 and CIW-18 at the Cinovec Lithium-Tin-Tungsten Project (“the project” or “Cinovec”).
European Metals CEO Keith Coughlan said “I am very pleased to receive these results as it will allow us to now undertake an interim update of the resource model for the pre-feasibility study. The update is to be used in more detailed mine planning for the study as we expect a significant portion of the deposit to be upgraded to an Indicated Mineral Resource status. I look forward to reporting this update in the next two weeks. In the meantime, drilling will continue to both expand the resource and increase its level of confidence to allow a further resource upgrade in the first half of 2017.”
The CIW-13, CIW-14 and CIW-18 drillholes were drilled at the southern edge of the Cinovec Main sector of the deposit near its boundary with Cinovec South. The area is marked by relative sparsity of historic drill data and lithium analyses. The boundary between Cinovec Main and Cinovec South is a barren NE trending corridor whose nature is poorly constrained due to lack of data.
The current drill programme at Cinovec Main has been planned to confirm and delineate near surface lithium and tin mineralisation that would provide initial feed to the mill. Other goals are the conversion of resources from the Inferred to Indicated category, and delivery of material for metallurgical testing. So far, ten diamond core holes have been completed, and three are underway. Visual inspection and logging indicates that the geology in these holes is as expected. Drill details are listed in Table 1 below.
After geological logging, drill core is cut in half with a diamond saw. Quarter core samples are selected (honouring geological boundaries) and dispatched to ALS (Romania) for preparation and assay; the 3/4 of the core is returned to the core box and stored securely on site. Samples are being prepared and analysed by ALS using ICP and XRF techniques following standard industry practice for lithium and tin deposits. Strict QAQC protocols are observed, including the insertion of a Li standard in random fashion for every 10 core samples.
European Metals Hldg (LON:EMH) is a company Share Talk have covered, interviewd through out 2016, we will be looking to interview CEO Keith Coughlan at the money and mining event this month, London, UK.