18th Jan 2021 13:57
Europa Metals Ltd - European-focused lead-zinc and silver developer - Commences drilling at its Toral lead, zinc and silver project in Castilla y Leoon, north-west Spain. Says the drilling campaign - which is part of its pre-feasibility study at the project - will target areas above the 600-metre level, with work to include increasing resource delineation to JORC standards, performing further metallurgical testwork, and advancing geotechnical studies around areas of potential future mine development.
"Today's drilling campaign will build on the operational work completed over the last two years that has seen significant advances in the potential production rate and overall estimated economics for Toral. This initial phase will concentrate on the upper zone of Toral in order to focus on refining the planned design and economics for the early years of the project, which have become an attractive feature of the recent preliminary economic study as a result of a comparatively low level of capex, early mining and breakeven within four years," says Chief Executive Laurence Read.
Current stock price: 10.95 pence
Year-to-date change: up 29%
By Ife Taiwo; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
Europa Metals