Europa Metals Ltd (LON:EUZ) announced “excellent” initial assay results from a Pre-Feasibility Study drilling programme at its Toral lead, zinc and silver project in Spain.
Significant intersections from drill holes included 2.4 metres at 10.58% zinc equivalent (including lead and silver credits) and 20.45 metres at 2.68% zinc equivalent (including lead and silver credits).
"Today's assay results are excellent and we look forward to incorporating a new resource zone into the early years of potential future production at Toral,” said chief executive Laurence Read.
“This will clearly be dependent on the results of an independent JORC (2012) resource update to be commissioned in due course, however the campaign's findings to date are supportive of us meeting this objective.”
The new data obtained from infill drilling is expected to significantly contribute to Europa’s understanding of the upper zones of the deposit and to assess the potential for increasing production in the early years of the planned mine life.
"The thick widths intersected in the upper siliceous zone are significant and the campaign is proving up areas that were previously considered sub-economic,” added chairman Myles Campion.