Rare Earth Mineral said European Metals Holdings, in which it owns a 20.92% stake, has announced analytical results for two confirmation drillholes CIW-19 and CIW-20 at the Cinoved Lithium-Tin-Tungsten Project.
- The two drillholes are the most northern drilled by the Company and are collared near the old main shaft.
- Significant lithium mineralization intersected from less than 30m depth in both holes, these are the shallowest intervals to-date.
- Drillhole CIW-19 returned two main lithium-mineralized intercepts of 53.1m averaging 0.35%Li2O (25-78.1m) and 144m averaging 0.37%Li2O (85-229m), with a high-grade interval of [email protected]% Li2O (103-113.8m).
- Drillhole CIW-20 returned three main mineralized intercepts: 98m averaging 0.35%Li2O (28-126m), 16.85m averaging 0.33% Li2O (132.15-149m) and 60m averaging 0.49%Li2O (154-214m), with the latter containing high-grade intervals of [email protected]%Li2O (160-169m) and [email protected]%Li2O (174-186.1m).
- Significant tin and tungsten mineralization was intersected in upper part of both drillholes: [email protected]%Sn and 0.021%W, [email protected]%Sn and 0.015%W, [email protected]%Sn and 0.003%W and [email protected]%W and 0.07%Sn in drillhole CIW-19; [email protected]%Sn and 0.003%W, and [email protected]%Sn and 0.004%W in drillhole CIW-20.
- Drilling continues in the western part of the Cinovec deposit (targeting high-grade zones near the rhyolite/granite contact) and in the central part (targeting near-surface mineralization on the flanks of the historic underground mine). Altogether, eight drillholes have been completed this year (2,791m) with three other underway at this time.
At 9:37am: (LON:REM) Rare Earth Minerals PLC share price was 0p at 0.67p