European Metals encounters shallow lithium at Cinovec

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THE DRILL SERGEANT: European Metals Holdings (ASX: EMH) announced analytical results for two confirmation drillholes CIW-19 and CIW-20 at the company’s Cinovec lithium-tin-tungsten project in the Czech Republic.

European Metals said the two drillholes are the most northern it has drilled to date.

Both intersected lithium mineralisation from less than 30m depth, representing the shallowest intervals to date.

Drillhole CIW-19 returned two main lithium-mineralized intercepts of:

53.1 metres averaging 0.35 per cent lithium oxide (Li2O) (25-78.1m) and 144m averaging 0.37 per cent Li2O (85-229m) with a high-grade interval of 10.8m at 0.71 per cent Li2O (103-113.8m).

Drillhole CIW-20 returned three main mineralized intercepts of:

98m averaging 0.35 per cent Li2O (28-126m), 16.85m averaging 0.33 per cent Li2O (132.15-149m) and 60m averaging 0.49 per cent Li2O (154-214m);

The latter contained high-grade intervals of 9m at 0.67 per cent Li2O (160-169m) and 12.1m at 0.85 per cent Li2O (174-186.1m).

The drilling also encountered tin and tungsten mineralisation in upper part of both drillholes, including:

CIW-19
3.1m at 0.2 per cent tine and 0.021 per cent tungsten;
4.75m at 0.13 per cent tin and 0.015 per cent tungsten;
2.45m at 0.17 per cent tin and 0.003 per cent tungsten; and
1.35m at 0.122 per cent tungsten and 0.07 per cent tin.

CIW-20
3m at 0.37 per cent tin and 0.003 per cent tungsten; and
1m at 0.36 per cent tin and 0.004 per cent tungsten.

“This year’s drilling program has yielded excellent results,” European Metals CEO Keith Coughlan said in the company’s announcement to the Australian Securities Exchange.

“During the year we have continued to verify the historic drilling and also, have identified high-grade drill intersections in areas that there has been relatively little historical work.

“The shallow lithium intercepts that extend significantly beyond historical workings, combined with the substantive tin and tungsten intercepts, we believe, will have a positive effect on the economics of the project.

“With three drill rigs operating targeting high-grade zones and metallurgical test work almost complete, we look forward to updating the market as the project advances up the development curve and towards potential commercialisation.”

Website: www.europeanmet.com