Europa Metals (EUZ) , has completed drilling at its Toral lead-inc-silver project in León, northern Spain.
The company revealed that first metallurgical samples from TOD-023D (the ‘daughter hole’), have been dispatched for independent metallurgical testwork by Wardell Armstrong LLP.
It added that samples collected from the 'parent hole' (TOD-023) were sent to ALS Laboratories for independent analysis, to potentially inform a JORC 2012 resource update for the project.
The previous December 2018 JORC resource estimate revealed of 640,000 tonnes of zinc, 510,000 tonnes of lead and 13 million ounces of silver at the project.
Laurence Read, Executive Director of Europa Metals, when asked to comment said that he was "very happy with the daughter hole and intersection", adding that he is looking forward to results, now that "Europa has everything it needed" from the drilling.
In an official statement, Laurence Read told investors: "We continue to make encouraging progress in respect of its stated work programmes and believe that the data being retrieved from Toral will significantly deepen our understanding of the project as a whole.”
“We believe that Toral offers significant potential for the development of a new, economically robust lead-zinc-silver project in Europe and look forward to continuing our work with all stakeholders to progress towards this goal."
The metallurgical test results taken from the core sample at the daughter hole are expected to advance the conceptual mine design at Toral.
The company said it may also provide first determination of concentrate products obtainable for future sale to smelter operations.
Commenting, Myles Campion, Technical Director of Europa Metals, said: "We believe that the results from this testwork will enable us to update flow sheets from the December 2018 scoping study and advance Toral closer to a pre-feasibility study. In addition, with samples from the 'parent hole' TOD-023 having now been sent for analysis, we look forward to preparing an updated resource model for Toral.."
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