Europa Metals starts diamond drilling at Toral project
The drill programme is aimed at a target area to the west of the project’s existing resource zone to prove up additional resources
Company
Europa Metals Ltd
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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Europa Metals starts prep for new drilling at Toral project in Spain
Toral is seen as a low capital cost project with "potentially highly attractive" economics
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“Mining activity should only go forward with correct, standardised community engagement and we are fortunate to be operating in a mining region where community representatives fully understand the impact of future mining development,” said
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Spain is a well-established mining province and is significantly endowed with metals
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“In addition, the net proceeds will provide the company with the flexibility to undertake new exploratory drilling outside of the currently defined mineralisation along strike and at depth, as well as deploying funds on the important mining
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Myles Campion, an executive director at the AIM-listed miner, said updating the resource would take around 4 weeks and inform the next phase of work
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“Results of this kind from our first drilling campaign into the high-grade core of Toral are extremely important.”
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Laurence Read, chief executive, said: "Ensuring community support and backing at all levels for a new mining project is an essential step in the modern resources industry.”
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