Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
News out on LinkedIn On November 22 and 24, the International Congress About Energy and Mineral Resources will take place in León and we couldn’t miss it.
We will be sponsors of its 15th edition, so that it won’t leave anybody unmoved.
Last RNS
The current drill campaign is nearing its close and pleasingly all holes have intersected mineralisation as expected, with assays now received for all of the completed holes. The intersections reported to date have correlated well with the known existing resource.
Preparation of our mining licence application has progressed well with one remaining requisite environmental report due for completion later this month. We look forward to providing a further update in due course
August and September have gone how much longer do they need!!! This better be a blooming good RNS.
Denarius did also put copper in their slide in May 2023
https://s29.q4cdn.com/901583928/files/doc_presentations/2023/June/DSLV-Corporate-Presentation-June-2023.pdf
Slide 21 if you have a look. So there is copper there if it can be upgraded great.
They did also tweet about this
https://twitter.com/DenariusMetals/status/1640730974454525953
Long time no speak all I still think there’s a chance of copper baring in mind this was 2018
The Europa Metals’ geological team is also considering the results and implications of the TOD-020
drill hole that returned 3 metres at 0.68% copper from 297.35 metres. To date, copper traces have
historically been encountered in the deposit, but the significance was unknown. This level of copper
was not anticipated within the deposit so near to surface and follow up work is required to identify
controls and extent of copper mineralisation.
*Zn Eq (Pb, Ag)% is the calculated Zn equivalent incorporating silver credits as well as lead; (Zn Eq (PbAg)% = Zn +
Pb*0.96 + Ag*0.022). Zn equivalent calculations were based on 3-year trailing average price statistics obtained from the
London Metal Exchange and London Bullion Market Association giving an average Zn price of US$2,500/t, Pb price of
US$2,100/t and Ag price of US$17/oz.
To view TOD-020 drill core with highly visible chalcopyrite copper sulphide mineralisation see link:
http://www.europametals.com/site/news-announcements/announcements
Phase II Diamond Drilling Programme
As announced in October 2018, Europa Metals commenced a limited diamond drilling programme
within the central area of the Toral deposit, with two objectives
https://www.listcorp.com/jse/euz/europa-metals-limited/news/phase-ii-drilling-lead-zinc-silver-and-copper-results-toral-project-spain-2473906.html
If they are going 2000m down
Very glum SP does make you wonder if DBA are ready for a big pump manipulate the SP until July then start seeing big buys. 6 weeks until Mining license.
@teaye this time next year Rodney ..LOL
Maybe they can just sell the asset and close the company 10p per share will be fine with me :)
@jed we can’t get anything out the ground without the mining license…. let’s get it and then go mining not long last legs :)
Hey all been a while..I expect the price to start rising towards July and of with mining license looming. Sorry but you can’t have a mining license ready to go with resource upgrade and be at this rock bottom price. Heavily waiting with anticipation for a 3-5bags from here ..I think copper will be included as a boost for the SP. GLTA
@jed you have DBA at 9p who will want a return on investment they haven’t backed this for 6/7 years for nothing. My bets are 15p isn’t unrealistic but as I said the other day copper is something and they know something IMO otherwise why would denarius shout about it on Twitter.
If this latest report comes out with any decent copper grades or Denarius do a copper drill and don’t forget the mining license has to be done this year. You could say 2023 will making of EUZ.
If Denarius are drilling down that deep and get copper out SP will go to the moon :)
Maybe a TO will be on the cards I’ll take 10-15p all day
22 March 2023
Europa Metals Ltd
("Europa Metals", the "Company" or the "Group") (AIM, AltX: EUZ)
Toral JV Update : Initial US$1.8m budget agreed with Denarius
Europa Metals, the European focused lead, zinc and silver developer, is pleased to announce that an initial budget for planned expenditure on the Company's wholly-owned Toral Zn-Pb-Ag Project (the "Toral Project" or "Toral"), in the León Province, north-west Spain, of approximately US$1.8m for a 12 month period has recently been agreed between the Company and its joint-venture ("JV") partner, Denarius Metals Corp. (TSXV:DSLV; OTCQB: DNSRF) ("Denarius"). The budget will principally be applied to a combination of confirmatory and infill drilling within the indicated resource block outlined to date at Toral utilising up to two rigs which is scheduled to commence at the end of this month.
Further to the receipt of shareholder approval in respect of the definitive agreements in relation to the JV at a general meeting of the Company held on 30 December 2022, a sum of US$100k was paid to its wholly-owned Spanish subsidiary, Europa Metals Iberia S.L. ("EMI"), which facilitated the advancement of the planned mining licence application ("MLA"). Following a successful capital raising by Denarius earlier this month, a further US$550k has recently been advanced to EMI by Denarius to enable timely completion of the planned initial work programme in accordance with the timeframe set out under the definitive JV agreements.
Highlights :
· Initial Budget : Budget of US$1.8m for a 12 month period agreed with JV partner in respect of Toral which will be utilised by EMI for:
o Up to 7,000m of additional drilling to cover:
§ confirmatory drilling
§ infill drilling on the known indicated resource area
o Desktop review and preparatory application work on potential additional surrounding permits
o Resource update
o Ongoing working capital requirements
· Mining Licence Application : Work on the MLA commenced in January 2023 and is now at an advanced stage:
o Mining methods selected
o Site location for major facilities and plant site defined
o Heritage and archeological studies underway
o Final environmental studies underway
Commenting today, Myles Campion, Executive Chairman and acting CEO of Europa Metals said :
"Denarius recently completed a financing round which has triggered the payment of an additional US$550k to EMI further to the initial US$100k received following the approval by Europa Metals' shareholders of the definitive agreements for the JV late last year.
Accordingly, we can now proceed aggressively with an initial 12 month work programme for Toral alongside the MLA, which will be conducted by the Europa Metals' team and supervised by Denarius' technical team. The programme will progress this high-quality base metals project which benefits from the ongoing support of regional governments and local communities .
Europa
@highside but DBA must be confident currently at 9p and keep averaging down
Personally I think what will happen is a mining company will be looking for certain skill sets
looking at the even the other day via linkedin
. Europa Metals Ltd and @Fundacionmineriayvida united by passion for exemplary projects.
Looking at all other stuff working with schools etc etc that’s been announced
https://fundacionmineriayvida.org/#patronos
We are a joint project of the extractive industry that pursues general interest goals of an educational, social, environmental, scientific nature and the promotion of research and innovation towards industry and society.
FMYV includes business associations, extractive industries, mining administration, sector institutions, suppliers, business organizations and universities.
We are a non-profit organization, the result of the vocation of corporate social responsibility of the sector, especially its commitment to sustainable improvement and social development of the territories where it carries out its activities.
We could just end up becoming a charity case which means we get grant funding for stuff.
Maybe EUZ could trade the money on the crypto market then put the cash back into EUZ… Lol
Denarius have their own game plan to be bought out by a bigger player.
3 projects under their belt one to get a mining license, their gold mine their SP can easily get to 60p by July.
EUZ needed the same thing as Alien metals.
We now need news flow and the cash from Denarius.
@highside did get 50 on open then went to 53 …yes his mate actually uses a trading app :)
https://imgur.com/a/QdV7SrT
52p at open looking good their SP when Toral gets a mining license. Don’t forget we still own 49% for another 3 years. We could even end up with everything back
EUZ mining license here we come. Bring on July Toral is backed and funded for it should see a nice rise tomorrow ready for our £2,000,000 in the bank question is what are we investing in??