European Metals Holdings Limited (ASX and AIM: EMH) has told DirectorsTalk that as part of its development of the Cinovec lithium / tin deposit, it has completed a detailed geological model which has identified shallow, higher grade lithium zones. This geological model will be used, along with recent drill results to update the current mineral resource model and allow the company to investigate targeting these areas in the early years of development.
Key Points:
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· The geological model shows that higher grade lithium mineralisation is hosted preferentially in greisens. |
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· The most substantial greisens are developed on the western side of the deposit and have a gentle plunge from surface to the south |
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· The geological model will be used to: – refine/constrain the existing block model for the Li, Sn and W resource – allow for the likely conversion of a greater part of the Cinovec resource from Inferred to Indicated category under JORC guidelines. – allow for initial mine planning and scheduling as the Company progresses the project along the development curve. |
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· Assay results for next two drill holes due imminently |
European Metals CEO Mr Keith Coughlan said “The completion of this very detailed geological model is another step forward in our understanding of the massive Cinovec deposit. The model is based on rock description from an unusually high number of drill holes and underground workings courtesy of the previous mining operation at Cinovec. This has allowed us to model the somewhat intricate greisen, a rock type that contains the higher grade portions of the lithium mineralisation. The shape and distribution of the greisen bodies puts geological constraints on our existing block model and the inferred resource estimation. We will use a combination of this model and the Company’s drilling to update the resource model in the near term as we believe we can convert a significant amount of our Inferred Resource to the Indicated category. In addition, the model will assist greatly in the planning of future drilling campaigns to target identified higher grade, shallower areas which could assist greatly in the early years of mine life”.
