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Europa Metals Ltd - Europe-focused lead-zinc and silver developer - Announces ‘high grade’ assay results from TOD-041 drillhole at its 100%-owned Toral project. Notes significant intersection of 3.2 metres at 15.16% zinc equivalent, including 1.10 metres at 32.03% zinc equivalent. Says the hole successfully intersects high grade mineralisation next to previously indicated resources, and could link the current indicated resource estimate to a part of the inferred resource at depth, ‘which demonstrates continuity’.
‘The high-grade nature of hole TOD-041 is hugely pleasing and gives the team confidence in the deposit's tenor and continuity at depth. We believe that this hole in combination with hole TOD-042 will enable Europa Metals to incrementally add to the existing indicated resource portion of the deposit, thereby giving additional scope for utilisation in further studies,’ says Chair & acting Chief Executive Officer.
Johannesburg current stock price: R 00.57, down 5.0% on Monday
12-month change: down 70%
London current stock price: 3.00 pence, down 4.0% on Monday
12-month change: down 63%
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