LONDON (ShareCast) - (ShareCast News) - Cadence Minerals reported on Thursday that European Metals, in which it has 20% equity stake, has completed a six core-hole infill drilling programme at the Cinovec Project in the Czech Republic.
Of the programme, 2,697.1m was completed on time and "without loss time accidents", Cadence said.

The management team at Cadence also noted the results of the recent elections held in the Czech Republic and the debate regarding development of lithium assets within the country leading into the vote.

As the sole holder of exploration permits and initial mining permits at the Cinovec Project, European Metals said it looked forward to continuing the previous positive engagements with the new government, once it was established, in order to rapidly advance the development of the project to the mutual benefit of all stakeholders.

Kiran Morzaria, chief executive officer of Cadence, commented: "The team at European Metals have continued to make good progress in the development of the Cinovec asset. These latest set of drill results show excellent polymetallic mineralisation and will allow the company to update it geological models and mineral resources, which will in turn feed into the ongoing feasibility study. We look forward seeing the progress that will be made over the coming months at the Cinovec Project."

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