Proactive Investors - Run By Investors For Investors

Europa Metals updates on Toral drilling as first hole terminates early

Drilling has started for the second hole and Europa has launched a performance review with its contractor.
Drilling operations at Toral project in Spain
The targeted high grade zone was missed after a 'substantial deviation in trajectory'.

Europa Metals Ltd (LON:EUZ) told investors that the first hole in the drill programme at the Toral lead-zinc-silver project, in Spain, has been terminated early and its contractor has now begun the next hole.

The first hole, tagged TOD-021, was terminated at the company’s instruction due to a substantial deviation in trajectory, away from the targeted zone.

WATCH: Europa Metals showcases Toral project as drilling gets underway

The drill contractor cut off at a depth of 652 metres. The upper zone of mineralisation was intersected, albeit above the targeted high-grade zone, so TOD-021 won’t be used for metallurgical sampling. Nevertheless, the mineralisation that was encountered will be assayed in due course.

Europa said it has begun a performance review with the contractor.

Drilling is now underway in the second hole, TOD-022, which is targeting the high grade zone and will have a 750 metre target depth. The hole is due to be complete before the end of July.

“Our objectives from this ongoing drill campaign continue to be the retrieval of a significant mineralised sample for metallurgical testwork, in order to determine concentrate product types, and the definition of an initial indicated resource estimate for the project," said Laurence Read, Europa executive director.

View full EUZ profile View Profile

Europa Metals Ltd Timeline

Related Articles

Lindi Jumbo is in southeast Tanzania, 200 kilometres from Mtwara port
April 23 2019
This month's offtake and marketing agreements come after a 'derisking' update to its DFS.
A map of the company’s ground in the Eastern Goldfields subregion of WA
February 13 2019
The company holds ground in the Eastern Goldfields picked up from Saracen and Newmont.
Hayes Creek and Burnside projects in the NT
February 05 2019
The Northern Territory is PNX’s focus as exploration efforts move indoors during the wet season.
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use