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Proactive news headlines: Europa Metals, Tower Resources, Verona Pharma, ANGLE ...
A glance at some of the day's highlights from the Proactive Investors newswire
Company
LON:EUZ
Europa Metals Ltd is a lead-zinc exploration company focused exclusively on European projects. The company believes Europe, and in particular Spain, is an unrealised region for modern mine development and that the opportunity to create new mines within a best practice social and environmental framework, near first class infrastructure, is significant. Currently, the company is progressing its Toral Lead, Zinc and Silver Project towards the mine development phase.
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A glance at some of the day's highlights from the Proactive Investors newswire
The resource upgrade comes after a successful phase of drilling at the Spanish project
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Europa Metals Limited (LON:EUZ) 18 pence, Mkt Cap £1.7m – Marketing arrangements for Toral zinc, lead, silver project in Spain Lucara Diamonds (CVE:LUC) C$0.59, Mkt Cap C$234m – Maintaining operations through Covid19 Panther Metals (LON:PAL
The Toral project contains a sizeable amount of zinc, lead and silver
Addison Mining Services will carry out the work for the JORC survey
Metal price trends favour the Toral project and a share consolidation leaves the AIM stock less volatile, and more easily comparable to peers, though Europa said no material event has triggered the recent surge
The mine developer said the share consolidation was to bring the number of shares “more in line with AIM market norms and reduce volatility”
Over the duration of the previously issued three-year permit the company has made significant progress
London's small cap mining scene packed a lot of news into what was a foreshortened week
“We are particularly pleased with the increase in zinc recovery versus the first set of results and the significant silver credit,” said executive director Laurence Read
Europa's Toral project is shaping up into a significant zinc project
The second phase metallurgical test-work being carried out on material extracted from the company's Toral project in the region of Castilla y León, north-west Spain, is nearly complete
Europa Metals has established a significant resource at Toral
Material recovered from hole TOD-025 will be analysed further in the next phase of metallurgical testwork.
The findings fall within acceptable boundaries for mine development in terms of economic viability and environmental management
The geotechnical study is a key component to develop eventual cost estimations at the pre-feasibility study level
Core samples from the drilling have been sent for independent assay with results expected later in the first quarter
Going forward, Europa will work on metallurgical testing, hydrology and geotechnical modelling
A second phase of testwork is expected to finish during the first three months of 2020
A second drill hole, TOD-025, is now being drilled until mid-December and the drilling will then resume in early January