logo-loader
Europa Metals Ltd

Europa Metals updates on Toral drilling as first hole terminates early

Drilling has started for the second hole and Europa has launched a performance review with its contractor.

Drilling operations at Toral project in Spain
The targeted high grade zone was missed after a 'substantial deviation in trajectory'.

Europa Metals Ltd (LON:EUZ) told investors that the first hole in the drill programme at the Toral lead-zinc-silver project, in Spain, has been terminated early and its contractor has now begun the next hole.

The first hole, tagged TOD-021, was terminated at the company’s instruction due to a substantial deviation in trajectory, away from the targeted zone.

WATCH: Europa Metals showcases Toral project as drilling gets underway

The drill contractor cut off at a depth of 652 metres. The upper zone of mineralisation was intersected, albeit above the targeted high-grade zone, so TOD-021 won’t be used for metallurgical sampling. Nevertheless, the mineralisation that was encountered will be assayed in due course.

Europa said it has begun a performance review with the contractor.

Drilling is now underway in the second hole, TOD-022, which is targeting the high grade zone and will have a 750 metre target depth. The hole is due to be complete before the end of July.

“Our objectives from this ongoing drill campaign continue to be the retrieval of a significant mineralised sample for metallurgical testwork, in order to determine concentrate product types, and the definition of an initial indicated resource estimate for the project," said Laurence Read, Europa executive director.

Quick facts: Europa Metals Ltd

Price: £0.00

Market: AIM
Market Cap: £4.67 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Europa Metals Ltd named herein, including the promotion by the Company of Europa Metals Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Europa Metals' Laurence Read upbeat after 'great result' at...

Europa Metals PLC's (LON:EUZ) Laurence Read tells Proactive London's Andrew Scott the third drill hole at the Toral project in Spain has returned a 12 metre intersection of visible mineralisation. The hole was drilled to a depth of 713 metres and has now been followed by a daughter hole to...

4 days, 6 hours ago

RNS

Drilling Update

4 days, 10 hours ago

Second Price Monitoring Extn

1 week, 4 days ago

Price Monitoring Extension

1 week, 4 days ago

Second Price Monitoring Extn

1 week, 4 days ago

Price Monitoring Extension

1 week, 4 days ago

Second Price Monitoring Extn

1 week, 4 days ago

Price Monitoring Extension

1 week, 4 days ago

2 min read