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and environmentally responsible mining
Capital Metals plc (AIM: CMET), a natural resources company focused on the development of the Eastern Minerals Project in Sri Lanka ( the Project ), one of the highest-grade mineral sands projects globally, is pleased to provide a further progress update on activities on the ground in Sri Lanka.
Our Sri Lanka management team has held several meetings with the relevant government authorities and report that good progress is being made with the environmental process, and the Company is expecting further news on this in the coming weeks.
In addition, CMET is pleased to provide the following background information on the Project s potential to open new economic opportunities in eastern Sri Lanka, and the Company s work with local communities and commitment to ecologically sensitive production procedures that ensure all mining areas are fully rehabilitated.
Hyperion Reports Thickest, Highest Grade Drill Results at the Titan Project
on June 29 2021 10:10 AM
Excellent high-grade intercepts from the first batch of results from the Phase 3 drill program include the thickest, highest grade intercepts to date.
The results continue to highlight the consistent grade and thickness of mineralization over ~3.6km strike length, and the potential to rapidly define a large, critical mineral resource at the Titan Project.
The remaining 40 Phase 3 drill holes and further heavy mineral assemblage samples are currently with SGS for analysis. A maiden mineral resource estimate in accordance with the JORC Code is expected in Q3 2021.
New assays received from 38 holes of the Phase 3 drill program continue to show thick, high grade intercepts of Total Heavy Minerals ( THM ), including:
Excellent high-grade intercepts from the first batch of results from the Phase 3 drill program include the thickest, highest grade intercepts to date.
The results continue to highlight the consistent grade and thickness of mineralization over ~3.6km strike length, and the potential to rapidly define a large, critical mineral resource at the Titan Project.
The remaining 40 Phase 3 drill holes and further heavy mineral assemblage samples are currently with SGS for analysis. A maiden mineral resource estimate in accordance with the JORC Code is expected in Q3 2021.
New assays received from 38 holes of the Phase 3 drill program continue to show thick, high grade intercepts of Total Heavy Minerals (“THM”), including:
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