European Metals is now drilling Cinovec up towards the measured resources category, with the aim of establishing reserves shortly

European Metals Holdings Ltd (LON:EMH)(ASX:EMH) said it has commenced drilling at the Cinovec lithium project in the Czech Republic, with the aim of establishing a measured resource.

A total of nineteen resource drill holes will be completed during this campaign for a total of 5,550 metres, with the first hole well advanced.

A further two hydro-geological drill holes and four geotechnical drill holes are planned once resource drilling has been completed.

The programme will provide approximately 10 tonnes of drill core for further metallurgical testing and to generate samples.

Following conversion of a substantial portion of the indicated resource into a measured resource, the plan is to establish a mineral reserve to cover the first two years of the scheduled mining plan.

"It is very pleasing to be able to get back to drilling on the project,” European Metals chairman Keith Coughlan said in a statement. “There are no Covid 19 related movement restrictions or limitations and the drilling is progressing well."

"The aim of the campaign is to convert the initial years mining into proven reserves category. Following consultations with potential lenders, we expect thaRead More – Source

[contf]
[contfnew]

Proactiveinvestors

[contfnewc]
[contfnewc]