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IN BRIEF: Europa Metals first assay results back robust Toral project

Fri, 19th May 2023 08:41

Europa Metals Ltd - Europe-focused lead-zinc and silver developer - Says first assay results from its ongoing infill diamond drilling programme confirm robustness of its Toral lead, zinc and silver project in Spain. Infill diamond drilling programme is being conducted by Explomin Perforaciones UE SL.

Europa Metals Chair & Acting Chief Executive Myles Campion says the first drill hole of the group's infill and confirmatory campaign has illustrated the robust nature of Toral and the current indicated resource. "Hole TOD-043 has displayed a thick, well mineralised intersection in keeping with the existing holes in the area," Campion says.

The current focus of the drilling campaign comprises about 11 holes for a total of up to 7,000 metres. Once completed, the campaign's results will then be applied to commission an updated independent mineral resource estimate later in the year, Europa says.

Current stock price in Johannesburg: ZAR0.60, unchanged on Friday

12-month change: down 18%

Current stock price in London: 3.05 pence, down 1.6%

12-month change: down 6.2%

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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