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Strategic Minerals Plc
Summary
| Project: | Redmoor | |
|---|---|---|
| Deposit: | Redmoor | |
| Location: | United Kingdom | |
| Commodities: | Tungsten-Tin-Copper | |
| Date: | 1/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2019: Strategic Minerals Plc announces an Exploration/Drilling Update report for its Redmoor deposit at the Redmoor project. Drilling results incl. 5.90m @ 0.12% Sn, 0.01% WO3, 3.25% Cu from 537.95m. Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Gribble (Geologica UK) | |
| ABSTRACT: | Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a producing mineral company actively developing projects prospective for battery materials, is pleased to report further exceptional assay results from the final four holes of the twelve-hole 2018 drilling programme at its Redmoor Tin-Tungsten Project, being undertaken through its 50% owned joint venture vehicle Cornwall Resources Limited ("CRL"). In addition, a further Research and Development refund payment has now been received. "These impressive assay results show great scope to increase both the resource tonnage and grade at Redmoor. We anticipate this update and the expected resource upgrade will add further support to the renaissance of mining in Cornwall.The Board is delighted by the performance of the CRL team, which has delivered a 2018 outcome which has surpassed expectations. While pleased with the manner in which the programme was run on time and within budget, the level of success in targeting mineralisation is a testament to CRL's geological model and the team's theories on the anticipated continuation of mineralisation in high-grade zones within the SVS both at depth and along-strike."It is also pleasing to note that the Board's long-term view on the impact of supply and demand factors on tin prices has been reflected in the recent recovery in tin prices, which are now above $20,000 per tonne."2019 is anticipated to be a watershed year for SML - this update from Redmoor sets the tone for what the Board expects to be a year of substantial progress." | |
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