07:00 Fri 15 Nov 2019
Europa Metals Ltd - Drilling Mobilisation and Operational Update
15 November 2019
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Drilling Mobilisation and Operational Update, Toral Zn,
Diamond Drilling Campaign
The new diamond drilling campaign will initially focus on a target area to the west of the current Indicated resource area within the existing Inferred zone (which is illustrated in Figure 1, accessible via the link below). The overall objective of the drill programme will be to seek to increase confidence levels in the resource within the central, proposed future mining area of the
Figure 1: http://www.rns-pdf.londonstockexchange.com/rns/5034T_1-2019-11-14.pdf
Geotechnical and Hydrogeological programmes
The geotechnical programme will seek to ascertain the sub surface conditions of the defined resource area in order to advance the mine design work and associated sequencing. Surveying of historical adits has commenced in order to log rock conditions, along with the completion of a series of four geomechanic stations and a geochemical logging exercise.
The hydrogeological programme has commenced with piezometers being inserted into historic drill holes, which will be utilised to begin the assessment of water conditions within the defined resource area.
Following completion of such preliminary geotechnical and hydrogeological work, geotechnical and hydrogeological drilling is scheduled to begin in Q1 2020. This planned further drilling will enable the Company to further enhance and assess the potential economic mine design for the
Update on Metallurgical Testwork
The metallurgical testwork being conducted by
· Grind calibration tests to assess the bond abrasion, rod millwork index and uniaxial compressive strength;
· First open flotation tests, optimisation of grind size, float cleaning tests and rougher regrind testing; and
· Petrographic/mineralogical and scanning electron microscope (SEM) work.
With the majority of the intended metallurgical testwork completed, the programme is now entering its final phase, being the locked cycle testwork, which is expected to culminate in initial results demonstrating the potential recovery and grade of concentrate obtainable from the Toral Project. The Company believes that completion of such metallurgical testwork will be a significant step forward in de-risking and optimising its understanding of the
"A targeted additional drilling programme will shortly commence assessing at an area to the immediate west of the current Indicated part of the defined resource estimate at the
For further information on the Company, please visit www.europametals.com or contact:
T: +61 417 978 955
T: +44 (0)20 3289 9923
Strand
T: +44 (0)20 7409 3494
T: +44 (0)20 3657 0050
T: +44 (0)20 3463 5000
T (direct): +27 11 809 7762
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
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