Strategic Minerals PLC (LON:SML) is ready to go with its first drilling programme at its tin and tungsten project at Redmoor in Cornwall.
Energold Drilling will drill 13 holes drilled in the first phase to be followed by a second phase of 10 additional holes. There is provision for a further six holes subject to additional planning and land owner approvals.
Council approval has come through and the first exploration hole is expected to be drilled at the end of the month.
Peter Wale, a director at Strategic Minerals and Cornwall Resources Limited, said: "The early commencement of the drilling programme is a key milestone in our plans to develop Redmoor into a producing mine.
“The aim of the programme is to confirm and extend the high grade resource at Redmoor.”
"We are particularly pleased that arrangements to undertake the drilling programme were prepared with support from the local community.
“The work of our highly experienced exploration team has placed us ahead of schedule and ensured that drilling will occur in more favourable climate conditions.
"The Company expects to complete both phases of the drilling programme this year and anticipates being in a position to update the market on the results from initial drill holes in the third quarter of 2017."