Ferrum Crescent signs drilling contract for Toral Lead-Zinc Project
2017-04-21 14:46:06 【Print】
BEIJING (Asian Metal) 21 Apr 17 - Ferrum Crescent Limited (“Ferrum Crescent” or the “Company”) announced the signing of a drilling contract for its Toral lead-zinc project, Spain (the “Toral Project”)
The diamond drilling contract is for a minimum of 1,400m and a maximum of 2,100m and is expected to take up to three months to complete . The drill cost is EUR80 per metre.
The Company is now implementing its planned Phase 1 drill program at the Toral Project designed to intersect mineralising features at a series of shallow targets which are untested to date.
The drilling contractor for Phase 1, Sondeos y Perforaciones Industriales de Bierzo SA (“SPI”), is based near Toral and is a fully equipped manufacturer of rigs and ancilliary equipment.
Work completed to date by Ferrum Crescent has recently identified mineralisation in multiple subvertical, sub-parallel planes and also mineralisation associated with crosscutting faults.
. The planned drill program will further test mineralisation down to a potential vertical depth of 150m from surface in a series of angled holes up to 250m long . Preparation of the drill sites is already underway and mobilisation of the rig to site is anticipated to occur this month.
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