European Metals Holdings reports exceptional 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 mineraliaation: 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 mineraliaation on the flanks of the historic underground mine. Altogether, five drillholes (1,644m) have been completed this year, with three under way.
European Metals chief executive Keith Coughlan said "We are very pleased with the exceptional results for the latest drillhole. This is the first hole drilled in the main part of the deposit where the lithium mineralisation zones are generally at shallower depths. The just obtained results are our best lithium results to date in terms of grade and continuity. The drill programme will continue in the shallowest parts of the main deposit, along the flanks of the historic mine, where in some areas the mineralisation outcrops".
At 9:19am: (LON:EMH) European Metals Holdings Limited Ord Npv Di share price was +1.63p at 22.5p