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AIM:CUSNTSX-V:CUSNFRA:ZYR1OTC:SBWFF
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Cornish Metals: Well positioned to capitalise on rising tin prices

Snapshot

  • Cornish Metals posts strong results from drilling at United Downs
  • Cornish Metals working towards re-opening the iconic South Crofty tin mine
  • Cornish Metals' continue momentum after G7 summit with 'tin essential to electrification globally'
Cornish Metals: Well positioned to capitalise on rising tin prices

Quick facts: Cornish Metals Inc

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AIM:CUSN

Price: 11.175 GBX

Market Cap: £30.11 m

About the company

Cornish Metals is a mineral exploration and development company focused on its United Downs copper-tin project and the South Crofty tin project in Cornwall, United Kingdom.

The company aims to capitalize on the increasing demand for ethically sourced tin and copper; metals fundamental to growth in the technology sector and transition to a low carbon economy.

The near-term strategy is to focus on exploration and delineation of the near-surface high-grade copper and tin mineralization at the United Downs project. Success at United Downs would be complemented by the option to build a new process plant at the fully permitted South Crofty project which could serve as a central processing facility for projects within reasonable transport distance.

How it is doing

06 Jul 2021

Cornish Metals Inc. (CVE:CUSN)(LON:CUSN) has released the first batch of results from its diamond drilling programme at the United Downs copper-tin project in Cornwall.

The drill programme is designed to follow up on the discovery of high-grade copper-tin mineralisation in a structure named "Lithium Lode" which was intersected earlier this year, and which showed grades of 8.5% copper and 1.2% tin over nearly 14.7 metres.

The new hole, drill hole UD21_001, was drilled to a total depth of 260.24 metres and intersected two zones of high-grade mineralisation, one with tin mineralisation, and the second with tin, copper and silver.

The hole hit 7.9% tin across 1.04 metres at a depth of 47.57 metres, and 5.2% copper and 1.3% tin across 2.61 metres from a depth of 227.1 metres. The second intercept also contained 77 grams per tonne silver.

01 Jul 2021

Cornish Metals Inc. (LON:CUSN, TSX-V:CUSN) said it had reached an agreement to restructure the deferred payments to be made to the sellers of the South Crofty tin project and associated mineral rights.

The agreement was reached with Galena Special Situations Ltd (formerly Galena Special Situations Master Fund Ltd) and Tin Shield Production Inc, a private company that had an option with Galena to acquire the tin project. 

09 Jun 2021

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.

Insight: Cornish Metals working towards re-opening the iconic South Crofty tin mine

26 May 2021

Mining in Cornwall is a matter of history, isn’t it? A thing of the past?

Not if you talk to Richard , CEO of Cornish Metals Inc (AIM:CUSN)(TSX-V:CUSN). Williams is from a Welsh mining family that goes back generations, and has worked all over the world in the industry.

What management says

14 Jul 2021

Cornish Metals' Richard Williams joins Proactive (CVE:CUSN)(LON:CUSN) for a catch up after releasing their first batch of results from its diamond drilling programme at the United Downs copper-tin project in Cornwall.

Williams takes viewers through the results which for the first time showed silver grades. 

He says following the G7 summit in Cornwall they've had a number of visits from local councillors and MPs right up to senior staff in central government, 'highlighting the opportunity for Cornwall to contribute to the UK's objective for net zero'.

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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