Strategic Minerals PLC’s (LON:SML)(USOTC: SMCDY) 100%-owned subsidiary Cornwall Resources Limited has been notified that the 'Deep Digital Cornwall' project led by the University of Exeter's Camborne School of Mines, in which Cornwall Resources and Cornish Lithium are delivery partners, has been awarded funding by the European Regional Development Fund.
Strategic Minerals’ Redmoor exploration licence area will be used as a field laboratory for collection of geochemical and geophysical data, which will also provide information relevant to a number of new prospects.
Cornwall Resources will receive up to £446,063 of grant funding for its part in the project.
"The Cornwall Resources team are proud and excited to play a significant role as a delivery partner generating new data for the project, which is anticipated to be one of the catalysts stimulating the resurgence of Cornish mining,” said Peter Wale, executive director of Strategic Minerals and director of Cornish Resources.
"The award of this grant funding, organised through collaboration with Camborne School of Mines, will ensure that Cornwall and its rich mineral potential are positioned at the cutting edge of developments in digital data capture, management and interpretation. The project is expected to meet both the needs of the data hub and to provide CRL with further information regarding the potential for broader and additional targets in close proximity to the already internationally significant Redmoor deposit."