European Metals CEO Mr Keith Coughlan said “We are very pleased with the results for these drillholes. These holes are about 500m apart and show the extent and consistency of the lithium mineralization at Cinovec. I am very pleased with the fact that the lithium enriched zones include Sn and W mineralization of significant width and locally outstanding grades of tin and tungsten. The valuable Sn and W minerals will be recovered by gravity during the preparation of lithium concentrate without incurring added cost and will thus significantly reduce the total cost of lithium carbonate produced from the Cinovec project.
We are currently planning the second program which will begin in the second quarter of 2016 and will target the shallow high grade lithium zone that we believe will form the basis of the initial mining operation at Cinovec.
We are securing additional rigs to assist with and accelerate this program”.
European Metals Holdings Limited (ASX and AIM: EMH) has given DirectorsTalk analytical results for the two remaining drillholes drilled in 2015 at the Cinovec Lithium-Tin-Tungsten Project (“the project” or “Cinovec”). The drilling program continues with drilling of an infill drillhole PSn02, also located in the southern part of the project.
Key Points:
* Drillhole PSn01 returned main intercept of 156m
averaging 0.46%Li(2) O
* The mineralized intercept includes a high grade
interval of 64m averaging 0.63% Li(2) O
* In addition, the lithium intercept contains zones
significantly enriched in Sn and W, i.e. 36m@0.22%Sn
(234m to 270m), and 20m@0.18%W (250m to 270m)
* Drillhole PSn07 returned main intercept of 194m
averaging 0.32%Li(2) O
* The mineralized intercept includes a high grade
interval of 47m averaging 0.47% Li(2) O, from 288m to
335m depth
* In addition, the lithium intercept contains zones
significantly enriched in Sn and W, i.e. 5m@0.31%Sn
(278m to 283m), 5m@0.97%Sn (288m to 293m),
12m@0.17%Sn (301m to 313m), and 2m@0.32%W (280m to
282m)
This program will conclude with the completion of PSn02 before the rigs are moved to the high grade shallow lithium zone in the north west of the ore body where a second program will commence.
