THE DRILL SERGEANT: European Metals Holdings (ASX: EMH) has commenced resource drilling at the company’s Cinovec lithium-tin project in the Czech Republic.
European Metals reported that a total of eight resource drill holes will be completed during this campaign with the first hole already completed.
Geophysical logging of the first four geotechnical drill holes at the proposed mine portal site has been completed.
A further five geotechnical drill holes are planned once resource drilling has been completed.
The company explained that drilling is aimed at converting enough of the existing Indicated Mineral Resource to the Measured Resource category to cover the first two years of the scheduled mining plan.
“We are very pleased to have begun our DFS drilling program so soon after receiving permission for the work,” European Metals managing director Keith Coughlan said in the company’s announcement to the Australian Securities Exchange.
“This drilling campaign will provide an upgrade to the existing resource at Cinovec.
“We are excited about the acceleration in the rate of project development that has been achieved by the team in recent months.
“We look forward to soon being in a position to release the results of our lithium hydroxide, final product, option study.”