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European Metals jumps on drill results release

Overall, the company said the grades from that drill hole were in line with its expectations
European Metals jumps on drill results release
Shares leapt as much as 14% to 9p this morning after the announcement.

Shares in European Metals Holdings (LON:EMH) jumped on Friday morning as it released some of the drill results from its Cinovec project in the Czech Republic.

The company completed four core holes totalling 1655.3 metres at the lithium, tin and tungsten project before the end of 2015.

Results included intercepts 152.2 metres at 0.47% lithium from 229.9 metres to the end of the hole at 382.1 metres, among other results.

Overall, the company said the grades from that drill hole were in line with its expectations, with the core samples from the other holes being analysed.

Shares leapt as much as 14% to 9p this morning after the announcement.

European Metals chief executive, Keith Coughlan, said "We are very pleased that the 2015 drilling program which has been completed on time and budget with no accidents and loss time.”

Rare Earth Minerals (LON:REM) holds an 11.87% equity interest in European Metals.

REM shares added 2% to 0.765p each. 

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