European Metals Holdings Ltd (LON:EMH) Managing Director Keith Coughlan talks to DirectorsTalk about its latest drill results and the initial step towards obtaining a mining licence. Keith explains the significance of the results, further drilling, the Czech State Resource Register and further news for the near term.
Keith has almost 30 years’ experience in stockbroking and funds management. He has been largely involved in the funding and promoting of resource companies listed on the ASX, AIM and TSX. He has advised various companies on the identification and acquisition of resource projects and was previously employed by one of Australia’s then largest funds. He is the Non–Executive Chairman of ASX listed Talga Resources Limited.
European Metals CEO Keith Coughlan said: “I am pleased to report results from two additional drillholes from the recently completed drilling program at Cinovec Main. These results are excellent in terms of lithium grades and length of mineralised intervals. An unexpected bonus is a high-grade zone of tungsten, intersected by drillhole CIW-22 at 238 meters depth which graded almost 3% of tungsten.
In addition, we are pleased to have been informed that subsequent to a submission we made to the State Authority, the Cinovec South resource estimate was approved by a Committee of Experts and placed on the State Register of mineral deposits. This is a pre-requisite for receiving a mining permit. We already applied for the ‘preliminary mining space’ for Cinovec South, immediately after the resource calculation for Cinovec South was accepted to the State Register.”
European Metals Holdings Ltd is an Australian and UK listed mineral exploration and development company advancing the Cinovec Lithium / Tin Project in Czech Republic. The Cinovec project is located 100 km NW from Prague on the border with Germany. It is part of the historic Cinovec-Zinnwald mining district. Over the past 600 years more than 40,000 tonnes of tin has been extracted in this area.