Proactive Investors - Run By Investors For Investors

European Metals lifted as it begins drilling campaign at Cinovec

The AIM-listed miner said the first hole of the drilling programme, CIS-10, had been completed at 340 metres, with a total of eight holes to be drilled
Mining drill
The drilling is aiming to convert a portion of the indicated mineral resources to measured resources

European Metals Holdings Limited (LON:EMH) saw its shares tick upwards in early trading Monday at it commenced a drilling campaign at its Cinovec Lithium-Tin project in the Czech Republic.

The AIM-listed miner said the first hole of the drilling programme, CIS-10, had been completed at 340 metres, with a total of eight holes to be drilled in the campaign for 2,560 metres.

READ: European Metals shares lifted as it updates on Cinovec project

The company added that geophysical logging of the first four geotechnical drill holes at the proposed mine portal site had been completed, with five more geotechnical drill holes planned once resource drilling had finished.

The drilling is aiming to convert a sufficient portion of the existing indicated mineral resources at the site to the measured resource category that will cover the first two years of EMH’s scheduled mining plan.

Keith Coughlan, managing director of European Metals, said the campaign would provide an upgrade to Cinovec’s existing resources, adding that they looked forward to being able to release the results of their lithium hydroxide, the final product, option study.

Shares were up 2% at 25.2p.

View full EMH profile View Profile

European Metals Holdings Timeline

Related Articles

1533209631_Shefa-Yamim---Kishon-River.jpg
August 02 2018
Shefa Yamim has a highly prospective gemstone project in Israel
company management team
October 11 2018
Encouraging results from the stage one drill program led to the discovery of a copper-cobalt porphyry system in Tasmania.
project area
November 21 2018
The copper-gold mineralisation located in ironstone at Copper Blow is part of a larger mineral system

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use