Europa Metals PLC (LON:EUZ) says its third hole at the Toral project in Spain has run into additional layers of mineralisation in a wide zone.
"This is a great drilling result, currently only visual, but a 12m mineralised intersection supports the theory that the orebody displays a plunging high-grade core, which is currently open at depth,” said Myles Campion, Europa’s technical director.
WATCH: Europa Metals' Laurence Read upbeat after 'great result' at third hole at Toral
The hole was drilled to a depth of 713m and has now been followed by a daughter hole to increase samples available for metallurgical testing.
Once the samples have been assayed, the aim to update the resource at Toral.
Laurence Read, Europa’s executive director, said: “The new layers of mineralisation were a welcome surprise and we are working hard to develop our understating of the wider potential of Toral above that currently represented by the existing JORC resource.
“Results of this kind from our first drilling campaign into the high-grade core of Toral are extremely important.”