Europa Metals Ltd(LON:EUZ) will commence drilling at the Toral zinc project in Spain within five days, following the mobilisation of a rig to site.
The drilling programme aims to drill into the high grade core of the project, as defined within the existing inferred resource.
The idea is to increase Europa’s understanding of Toral and to move the resource category up from inferred to indicated.
The drilling will also obtain a significant sample for metallurgical testwork by independent consultants to determine the potential composition of any concentrate produced from Toral. This information will be used to assist process plant design and in discussions with potential offtake parties.
Addison Mining Services Limited ("AMS") has been retained to carry out a revised independent resource update in accordance with JORC standards once the campaign has been concluded.
"The aim of the diamond drilling into the high grade core of Toral is to upgrade the resource from its existing inferred categorisation and to determine the metallurgical characteristics of Toral,” said chief executive Laurence Read.
“Over the next two quarters we are expecting to announce the results from the drilling, an updated JORC resource, and details of the likely product types that can be produced from Toral. Taken together, we believe that these key milestones will allow us to advance the processing design and commence discussions with potential offtakers."