Europa Metals has confirmed that it has commenced with the planned drilling campaign at its Spain project, despite the undeniable impact of the COVID-19 pandemic.
Europa Metals Limited released a statement on Tuesday, 19 January 2021, to confirm that it has officially commenced with the planned drilling campaign at its Sondeos y Perforaciones Industriales de Bierzo SA project in Spain. The campaign has commenced despite the impact of the COVID-19 pandemic, as all necessary safety measures are said to be adhered to.
According to the statement, “This latest drilling campaign forms part of the Group’s Pre-Feasibility Study (“PFS”) workstreams initiated at the Toral Project. The first phase of the drill programme will target areas above the 600m level, concentrating on increasing Europa Metals’ understanding of the initial four years of potential future production at Toral and thereby, building on the results of the independent preliminary economic study announced in November 2020.”
Additionally, “Data from the drilling campaign will be recovered and processed by the Partnership, in order to progress the development of a software package that can correct or reduce deviation within diamond drilling operations. Europa Metals looks forward to updating the market on the results from such work to be conducted by the Partnership as algorithm development progresses.”
As a result of the pandemic, the company has committed to providing updates throughout the course of the year. However, no consequential results are expected within the first year of the campaign.
See the post below.
EUZE PFS Update: Commencement of Drilling Campaign at the Toral Pb, Zn & Ag Project, Spain https://t.co/DRvW7Z6y6y
— JSE_SENS (@JSE_SENS) January 19, 2021