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European Metals pleased with latest drill results

Analytical results for the fifth of the drill holes from the Cinovec South deposit have been reported

Lithium symbol
The drill hole results were very similar to predictions from the current geological model

Results from the recent drilling programme at the Cinovec lithium-tin project continue to meet or exceed European Metals Holdings Limited's (LON:EMH) expectations.

The company has completed drilling on five of the eight holes it intends to drill and has released results today from the fifth drill hole – hole CIS-14.

READ: European Metals hits strong lithium grades in programme to move Cinovec resource from indicated to measured

Hole CIS-14 returned 67 metres (m) averaging 0.43% lithium oxide Li2O (including 3m @ 0.99% Li2O and 0.18% tin, or Sn); 8m @ 0.67% Li2O and 0.20% Sn (including 4.15m @ 1.00% Li2O and 0.35% Sn); 8m @ 0.21% Sn, 4m @ 0.39% Sn; and 3m @ 0.20% Sn.

Drilling activities remain suspended and will resume after the end of the snow season in the Czech Republic.

"As we have previously reported, the current drill programme has been planned to define blocks of resource for the first two years of mining within the Cinovec-South area, with a goal to convert the resource from indicated to measured category,” said Keith Coughlan, the managing director of European Metals Holdings.

“The results of this programme have either been in line with or exceeded, our expectations particularly with regard to the tin intercepts. I look forward to reporting the results of our lithium hydroxide production work, and the projected impacts upon the economics of the project over the next few weeks," he added.

Quick facts: European Metals Holdings

Price: 15.5 GBX

AIM:EMH
Market: AIM
Market Cap: £23.38 m
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