PYX Resources: Achieving volume and diversification milestones. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRare Earth Metals Share News (REM)

  • There is currently no data for REM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

European Metals Says Strong Cinovec Drilling Results Continue

Fri, 10th Feb 2017 09:19

LONDON (Alliance News) - European Metals Holdings Ltd on Friday said the final results from its recently completed drilling programme at the Cinovec tin and lithium project in the Czech Republic once again confirmed or exceeded the expected lithium content and mineralisation widths for the project.

Last week, the group reported "excellent" results from two drillholes at the site, and has since completed the programme with a further three holes drilled.

On Friday, European Metals said the CIW-25 hole contained the longest lithium intercept to date of 361.5 metres averaging at 0.43% lithium oxide, including a high grade lithium interval.

The other two holes contained high grade intercepts and zones, European Metals said.

"These results continue to either confirm or exceed our expectations with regards to lithium content and mineralisation width. The sheer size of Cinovec is highlighted by the 361 metre intercept which is in a league of its own in the lithium space," said CEO Keith Coughlan.

European Metals said the updated drill database and geological model for Cinovec has been completed, and the block model and resource calculation for the project will be updated within the fortnight. This block model will form the basis of the preliminary feasibility study.

The group said it expects this resource model will be finalised an announced later this month.

European Metals also announced the Cinovec South resource has now been added to the Czech State resource register, which it said is the first step in the process for the granting of a mining permit.

European Metals said it is working on the submission for the remaining north west part of the orebody, to be placed on the state resource registry.

Shares in European Metals were 2.8% at 52.45 pence on Friday morning.

Rare Earth Minerals PLC, which holds a 21% stake in the Cinovec project through its holding in European Metals, noted the announcement.

Rare Earth was trading down 0.6% at 0.507p on Friday morning.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

Copyright 2017 Alliance News Limited. All Rights Reserved.

More News
28 Aug 2015 11:06

LONDON MARKET MIDDAY: US Stocks Called Lower After Two-Session Rally

Read more
28 Aug 2015 09:48

WINNERS & LOSERS SUMMARY: Marshalls Shares Climb On Rock-Solid Results

Read more
28 Aug 2015 09:10

Bacanora and Rare Earth surge on Tesla deal

(ShareCast News) - Rare Earth Minerals and Bacanora Minerals have signed a deal with electric sports car and energy storage products company Tesla Motors. Under the deal, the US-based group will buy lithium hydroxide from the Sonora lithium project in Northern Mexico to feed the batteries of its Gig

Read more
28 Aug 2015 07:36

LONDON MARKET OPEN: Miners And Oil-Related Stocks Push Higher

Read more
28 Aug 2015 07:15

LONDON BRIEFING: Tesla Deal Electrifies Rare Earth And Bacanora Shares

Read more
28 Aug 2015 06:52

Rare Earth And Bacanora Sign Lithium Supply Deal With Tesla Motors

Read more
19 Aug 2015 11:09

Rare Earth Minerals Partner Confirms Mining Lease Grant At Yangibana

Read more
12 Aug 2015 15:02

Rare Earth Minerals confirms continuous mineralisation at Yangibana

(ShareCast News) - Rare Earth Minerals' joint venture in the Yangibana Rare Earths Elements project in Western Australia, Hastings Rare Metals, has confirmed continuous mineralisation over 0.9km in Yangibana North. Hastings has a 30% interest in the venture, while Rare Earth owns the other 70%. "Th

Read more
12 Aug 2015 11:09

Rare Earth Minerals: Continuous Mineralisation Confirmed At Yangibana

Read more
24 Jul 2015 07:39

LONDON BRIEFING: Pearson Leads FTSE 100 After FT Sale To Nikkei

Read more
24 Jul 2015 05:15

AGM, EGM Calendar - Week Ahead

Read more
23 Jul 2015 15:16

AGM, EGM Calendar - Week Ahead

Read more
23 Jul 2015 05:18

AGM, EGM Calendar - Week Ahead

Read more
22 Jul 2015 15:13

AGM, EGM Calendar - Week Ahead

Read more
22 Jul 2015 05:17

AGM, EGM Calendar - Week Ahead

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.