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10 Dec 2018 | 14:04

Europa Metals completes scoping study for Spanish mine

Europa Metals said an independent scoping study on its Toral zinc, lead and silver project in Spain had recommended the project progress towards a feasibility study.

The scoping study, for the project in the Castilla y Leon region in the country's northwest, also recommended commencement of an infill drilling campaign to convert resources to an indicated category.

'After an intense year of activity, Europa Metals has successfully obtained a highly detailed scoping study, which clearly recommends that we progress our Toral Project in order to investigate distinct high-grade resource areas and complete all of the necessary metallurgical testwork,' executive director Laurence Read said

'The study also identified an anomaly in the licence area during the finalisation stage of the report which has now been investigated and rectified.'

'The work undertaken on the scoping study models a series of development scenarios, from which one clear path has become apparent.'

'We shall now use the study to inform a core part of our strategy for 2019 as we aim to progress with a full feasibility study.'

'We look forward to announcing results from our first diamond drill campaign shortly and to continue work on this promising project next year.' At 2:04pm: (LON:EUZ) Europa Metals Ltd Ord Npv Di share price was -0.02p at 0.07p

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