Europa Metals Ltd (AIM:EUZ, JSE:EUZ, OTC:EOPAF) said the results of an independent study to assess water conditions and drainage at its Toral project in Spain were in line with the company’s existing development model for a potential underground lead-zinc-silver mine.
Completion of the five-month hydrogeological study is a key part of de-risking the project, the company said.
"Our work relating to hydrogeology and the local environment is ongoing, but this study supports our decision to press ahead with the planned 2022 drilling campaign,” said chief executive Laurence Read. “This campaign will commence in the New Year and involve both resource drilling and a series of shallow geotechnical drilling.”
“The geotechnical component will be designed to assess the suitability of ground conditions for plant site infrastructure as well as the suitability of local disused quarry sites, which in turn could form part of a reclamation strategy following consultation with local community groups, by way of filling in areas with inert waste material from crushing during future production activities and then landscaping the areas concerned."