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Strategic Minerals initiates trenching and auger exploration with a view to extending the footprint at Redmoor

Strategic Minerals has a diverse portfolio of assets and is already generating cash from a US operation

Strategic Minerals PLC -

Strategic Minerals PLC (LON: SML)(USOTC:SMCDY) is commencing a trenching and auger exploration programme to investigate the possible presence of extensions of mineralisation up to 1,000 metres to the west of the presently established resource at the Redmoor project in Cornwall.

Multiple prospective targets for tin and copper have been identified as a result of a review of historic exploration data to the west of the Redmoor deposit.

Historic drill intercepts report up to 1.26% tin over 2.55 metres in core, and 0.23% tin in percussion samples. 

Significant soil anomalies feature values of up to 1,500 parts per million tin and 630 parts per million copper.

"From our advanced understanding of the geology of the region, we consider it likely that the western potential of Redmoor extends farther away from the granite intrusions which drove the mineralisation in the area,” said Peter Wale, executive director of Strategic Minerals.

“As such, the mineralisation is likely to be richer in those metals that are typically distributed more distally from the source, such as tin and copper. Redmoor is, in its own right, a world-class undeveloped deposit with a JORC compliant inferred resource of 11.7 mln tonnes at 1.17% tin equivalent, and is understood to remain open at depth and along strike.”

Quick facts: Strategic Minerals PLC

Price: 0.4825 GBX

Market: AIM
Market Cap: £9.21 m

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