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Europa Metals completes first hole of drilling campaign at Toral project

A second drill hole, TOD-025, is now being drilled until mid-December and the drilling will then resume in early January

Europa Metals Ltd - Europa Metals completes first hole of drilling campaign at Toral project

Europa Metals Ltd (LON:EUZ) has completed the first hole in a drilling campaign at its Toral lead-zinc and silver project in Spain.

The AIM-listed miner said the TOD-024 hole had been drilled to 302.4 metres and had returned visible sulphide mineralisation.

A second drill hole, TOD-025, was begun immediately afterwards and is expected to continue until mid-December and the drilling will then resume in early January, in line with the company’s schedule.

READ: Europa Metals starts diamond drilling at Toral project

Europa also said that locked cycle testwork was now complete and it was expecting to receive an independent metallurgical report from consultant Wardell Armstrong before the end of the year.

The report is expected to provide an initial understanding of the amount of zinc, lead and silver that can be obtained from Toral, as well as data on potential recoveries and by-products from future mining processes.

Quick facts: Europa Metals Ltd

Price: 0.0235 GBX

AIM:EUZ
Market: AIM
Market Cap: £3.93 m
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