Keith Coughlan MD – European Metals Holdings LTD speaks to Share Talk about today’s RNS http://www.investegate.co.uk/european-metals-hldg–emh-/rns/drilling-production-report/201605180700065394Y/ announcement at the company Upgrade and Increase in Lithium Resources at Cinovec.
European Metals Managing Director Keith Coughlan said, “I am very pleased to report this upgrade to Cinovec’s Mineral Resources. Not only have we defined a maiden lithium Indicated Resource, but we have also increased the total lithium resource and substantially increased the tonnage and grade of the tin Indicated Resource.
The upgrade is based on a modest drill program completed in the southern part of the project. A much larger drill program will commence next month to test higher grade, shallower lithium mineralisation in the northern half of the project. Work to date has shown that Cinovec is a robust and consistent deposit; with our extensive historic database I am extremely confident the upcoming program will result in a substantially larger conversion of Inferred to Indicated lithium resources.
I look forward to providing updates on the various programs underway as information comes to hand.”
We have covered #EMH on the Share Talk site from 5p and we hope to catch up with Keith Coughlan on his next visit to London in 3-4 weeks’ time for a video interview, news update.