leadf
logo-loader
viewCornish Metals Inc
(
AIM:CUSNTSX-V:CUSNFRA:ZYR1OTC:SBWFF
)

Cornish Metals lifts resource estimates at iconic South Crofty tin mine

"This new mineral resource estimate confirms our belief in the resource expansion potential at South Crofty,” said chief executive Richard Williams

Cornish Metals Inc -

Cornish Metals Inc. (LON:CUSN, TSX-V:CUSN) announced an increase in resource estimates at the iconic South Crofty tin mine in Cornwall.

An updated mineral resource estimate (MRE) showed a 10% increase in indicated resources in both the lower mine and upper mine areas and an almost 130% gain in inferred resources at the lower mine. The JORC-compliant MRE was divided into the lower mine and upper mine areas for reporting purposes.

"We are very pleased with the outcome of this new mineral resource estimate, which shows a material increase in both tonnage and contained tin in the ground at South Crofty,” said Richard Williams, chief executive of Cornish Metals.

“Following on from our successful surface drilling campaign in 2020, where we intersected high-grade tin mineralisation below the historical workings, this new mineral resource estimate confirms our belief in the resource expansion potential at South Crofty.”

The indicated resource estimate rose 10.2% to 2.08mln tonnes (Mt) grading 1.59% tin for the lower mine, while the inferred resource estimate was up 129.8% to 1.94Mt grading 1.67% tin for the lower mine.

The tonnage and contained tin in the updated resource estimate are much higher for the lower mine than the tonnage and tin equivalent in the upper area. Cornish Metals is looking to re-open the South Crofty mine, which was closed in 1998 following more than 400 years of almost continuous production.

Quick facts: Cornish Metals Inc

Follow
AIM:CUSN

Price: 11.8 GBX

Market Cap: £31.79 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Cornish Metals Inc (LON:CUSN) - Presenting at the Proactive One2One Virtual...

Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, FRA:ZYR1, OTC:SBWFF) (LON:CUSN) - Presenting at the Proactive One2One Virtual Forum - 22nd July 2021   Cornish Metals Inc. (TSX-V:CUSN, AIM:CUSN), is an Associate Company of Osisko, and building a portfolio of strategic metals assets in the United...

on 23/7/21

2 min read