European Metals Holdings Limited (LON:EMH) has recorded its highest lithium indication so far at Cinovec while taking a first step toward a mining licence at the Czech Republic-based deposit.
Drill results from the latest two holes at the deposit exceeded the expected lithium content and mineralisation widths.
Hole CIW-22, on the Main section, recorded the drill programme’s best intersection so far at 0.54% Li2O over a width of 264.5m. In addition, the hole contained significant tungsten, tin, niobium and tantalum.
Hole CIW-26, on the western edge, had similar a intersection width but a slightly lower grade.
The rest of the data from the drilling will be released next week, said the company, and will form part of an upgraded resource and pre-feasibility study.
Keith Coughlan, chief executive, added: “These results are excellent in terms of lithium grades and length of mineralised intervals.
“An unexpected bonus is a high-grade zone of tungsten, intersected by drillhole CIW-22 at 238 meters depth which graded almost 3% of tungsten.
"In addition, we are pleased to have been informed that subsequent to a submission we made to the State Authority, the Cinovec South resource estimate was approved by a Committee of Experts and placed on the State Register of mineral deposits.
"This is a pre-requisite for receiving a mining permit. We already applied for the 'preliminary mining space' for Cinovec South, immediately after the resource calculation for Cinovec South was accepted to the State Register."