viewEuropa Metals Ltd

Europa Metals contracts drill rig for Toral zinc project

Mobilisation of the rig will take place within a few weeks

Zinc in  periodic table
Toral is rich in zinc

Europa Metals LTD (LON:EUZ)(ASX:EUZ) has secured a combined reverse circulation and diamond drilling rig for mobilisation to its Toral lead-zinc-silver project in the Province of Leόn, northern Spain.

The combination rig and associated operating crew is being supplied by Sondeos y Perforaciones Industriales de Bierzo SA and will be overseen by the company's on-site exploration team.

WATCH: Lead-zinc story is 'amazing' currently and Toral stacks up very well says Europa Metals

The combination rig is one of only a few of its type in Spain and has been deployed on a series of recent, successful drilling programmes.

Once mobilisation takes place in August, Europa will undertake initial extension drilling to the east of the main orebody, to a targeted depth range of 150-200 metres below the surface using the cost-effective RC option.

Europa can then switch to diamond drilling, depending on results.

The contract with SPI has been standardised to global norms incorporating payment terms based on efficient core recovery. All work will be overseen by Mr Luiz Perez, Europa Metal's new exploration manager, who was previously in charge of the exploration drill programmes for Berkeley Energia Limited's Spanish assets.

"Cost efficiencies and having access to the right tools deployed by the right team is what Europa Metals is all about,” said executive director Laurence Read.

“I look forward to our team commencing safe and efficient drilling operations in August as we also seek to progress our work re-logging the historic core, undertaking metallurgical testing and releasing the findings of an initial independent scoping study by the fourth quarter of 2018.”


Quick facts: Europa Metals Ltd

Price: 0.0125 GBX

Market: AIM
Market Cap: £2.09 m

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