logo-loader
viewEuropa Metals Ltd

Europa Metals says water study findings are positive for Toral

The findings fall within acceptable boundaries for mine development in terms of economic viability and environmental management

Europa Metals Ltd - Europa Metals says water study finds are positive for Toral

Europa Metals Ltd (LON:EUZ) has revealed results from a conceptual hydrogeological study and water monitor, as part of its planning for mine development at the Toral  lead, zinc and silver project, in Spain.

It set out to establish the local baseline conditions at Toral, analyse water conditions in the potential mining area, plus gather data and findings for the development.

The initial study found that the project is likely in a seal against the surrounding water table, because it is hosted in limestones but does not have developed levels of drainage created from the dissolution of sedimentary material.

READ: Europa Metals completes Toral geotechnical study

It also concluded that the proposed mineable project area falls well within acceptable levels for economic mine development. Additional work including the drilling of a bore hole will be needed in a pre-feasibility study.

Future operations are deemed as “unlikely to have a detectable influence on the Sil River”, which is located nearby.

"The results from the initial conceptual hydrogeological study on the Toral Project are positive, outlining a water management scenario that falls well within acceptable boundaries for mine development in terms of economic viability and environmental management,” said Lawrence Reed, Europa executive director.

“Additional work will need to be undertaken in order to test the conceptual study's findings, but the initial results indicate that Toral should have limited impact on the local water conditions and that it does not suffer from any significant water issues that could impact on the future economic development of the project."

Quick facts: Europa Metals Ltd

Price: 0.015 GBX

AIM:EUZ
Market: AIM
Market Cap: £2.51 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

Europa Metals records highest grade to date from drilling at Toral in Spain

Europa Metals Ltd's (LON:EUZ) Laurence Read speaks to Proactive London's Andrew Scott after announcing they've recorded its highest grades so far from the Toral project in north-west Spain. The drilling also confirmed a thick, high-grade zone outside the current confirmed resource area with...

3 weeks ago

2 min read