Europa Metals Ltd - European-focused lead-zinc and silver developer - Updates on Toral lead, zinc and silver project in the Castilla y Leon region in Spain. Says that a short programme of geotechnical drilling is underway, which is designed to secure further data on the expected ground conditions at several proposed sites for a future plant. This is expected to be completed over the next few weeks. This will be followed by a further campaign of resource drilling in early March, with the company hoping to increase the current indicated JORC resource estimate.
Company says: "Metallurgical work continues, with ore sorting testwork having been completed in Germany and samples returned to Wardell Armstrong International Ltd in Cornwall for the continuation of the programme. The programme has been designed to further develop the ore sorting process route through the utilisation of the bulk sample, along with increasing the spacial representivity within the current defined indicated resource via the testing of two deeper samples to provide further information on the processing characteristics of the ore. Tailings products from this testwork will be evaluated for use in dry stacked tailings for proposed future reclamation work and as paste back fill for underground support."
Current Johannesburg stock price: ZAR0.95
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Current London stock price: 3.51 pence
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By Greg Roxburgh; gregroxburgh@alliancenews.com
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Europa Metals (EUZ)