European Metals reports good results from Cinovec

European Metals reported some stong analytical results from its recent drilling at the Cinovec Lithium-Tin-Tungsten project north west of Prague, Czech Republic on Thursday, for the two remaining drillholes drilled in 2015.

The AIM-traded firm said drillhole PSn01 returned a main intercept of 156 metres, averaging 0.46% lithium oxide. The mineralised intercept included a high-grade interval of 64 metres, averaging 0.63% lithium oxide.

Additionally, the lithium intercept contained zones significantly enriched in tin and tungsten. The company reported 36 metres at 0.22% tin, and 20 metres at 0.18% tungsten.

Drillhole PSn07 returned a main intercept of 194 metres, averaging 0.32% lithium oxide, including a high-grade interval of 47 metres averaging 0.47% lithium oxide from 288 metres to 335 metres depth.

That lithium intercept also contained zones significantly enriched in tin and tungsten, with five metres at 0.31% tin, five metres at 0.97% tin, 12 metres at 0.17% tin, and two metres at 0.32% tungsten.

"We are very pleased with the results for these drillholes. These holes are about 500m apart and show the extent and consistency of the lithium mineralisation at Cinovec," said European Metals CEO Keith Coughlan.

"The valuable tin and tungsten minerals will be recovered by gravity during the preparation of lithium concentrate without incurring added cost and will thus significantly reduce the total cost of lithium carbonate produced from the Cinovec project," he added.

European Metals said the programme was ongoing, with the drilling of an infill drillhole PSn01, also located in the southern part of the project.