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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”).Asian Metal Copyright Preparation of the drill sites is already underway and mobilisation of the rig to site is anticipated to occur this month.Asian Metal Copyright 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.Asian Metal Copyright The drill cost is EUR80 per metre.Asian Metal Copyright Preparation of the drill sites is already underway and mobilisation of the rig to site is anticipated to occur this month.

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.Asian Metal Copyright .Asian Metal Copyright 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.

.Asian Metal Copyright Work completed to date by Ferrum Crescent has recently identified mineralisation in multiple subvertical, sub-parallel planes and also mineralisation associated with crosscutting faults.Asian Metal Copyright

Zinc Conc.

50%min EXW South China

Unit:RMB/mt Zn
China's die-casting zinc alloy producers' inventory statistics by province by month
Unit: mt
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