Cinovec results exceed European Metals' expectations

Analytical results for the last three drillholes from European Metals' 2016 drilling programme at Cinovec Main have confirmed or exceeded expected lithium content and mineralisation width.

The drillholes CIW-25, CIW-27 and CIW-06 are located in a central part of the deposit, filling a gap between the western edge of the Cinovec deposit and the historic vein deposit Cinovec-Central.

Hole CIW-25 contains the company's longest Li intercept to date of 361.5m averaging 0.43% Li2O, including a high grade Li interval of 14.7m averaging 0.93% Li2O.

Moreover, significant intervals of Sn and W are included: 2m @ 1.67%Sn and 0.216% W and 2m @ 0.76%Sn and 0.319% W.

Hole CIW-27 returned a Li intercept of 235m averaging 0.49% Li2O, including high grade zones of 14m @ 0.97% Li2O and 2m @ 1.79%Li2O.

Hole CIW-06 intercepted a Li interval of 258.5m averaging 0.44% Li2O, containing high grade intercepts of 3m@1.11%Li2O, 2.75m@0.91%Li2O and 2m@1.03%Li2O.

Chief executive Keith Coughlan said: "I am very pleased to report results from the last three drillholes from the 2016 drilling programme at Cinovec Main.

"These results continue to either confirm or exceed our expectations with regards to lithium content and mineralisation width. The sheer size of Cinovec is highlighted by the 361m intercept which is in a league of its own in the lithium space.

"I am also pleased to report that we have completed the geologic model to a high degree of accuracy and that we have commissioned Widenbar and Associates to upgrade the resource estimate for the PFS study.

"I am looking forward to receiving and reporting these results in the near future."

At 8:08am: (LON:EMH) European Metals Holdings share price was +2p at 53p