Rare Earth Mineral said European Metals Holdings Ltd, in which it owns a 16.4% shareholding, has announced the analystical results for the confirmation drillhole CIW-11 at the Cinovec Lithium-Tin-Tungsten Project.
- Drillhole CIW-11 returned two main mineralized intercepts of 89.95m averaging 0.61% Li2O and 109.4m averaging 0.38% Li2O.
- The first intercept includes a high-grade interval of 63.85m @0.76% Li2O, which hosts an internal very high grade interval of 12m @1.04 %Li2O. In addition, two sections of this lithium interval contain significant tin and tungsten mineralization: 2.85m averaging 0.27% tin and 0.053% tungsten; and 6m averaging 0.18% tin and 0.009% tungsten. This yields the best Li intercept recorded by the Company to date.
- Drilling continues in the main section of the deposit, targeting near-surface mineralization on the flanks of the historic underground mine. Altogether, five drillholes (1,644m) have been completed this year, with three underway.
At 9:09am: (LON:REM) Rare Earth Minerals PLC share price was -0.02p at 0.75p