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Strategic Minerals Plc
Summary
| Project: | Redmoor | |
|---|---|---|
| Deposit: | Redmoor | |
| Location: | United Kingdom | |
| Commodities: | Tungsten-Tin-Copper | |
| Date: | 9/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-9-2017: Strategic Minerals Plc announces an Exploration/Drilling Update report for its Redmoor deposit at the Redmoor project. Drilling results incl. 28.2m @ 0.12% Sn, 0.31% WO3, 0.62% Cu from 298.8m. Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, is pleased to announce the results from the first 10 holes of the Phase 1 diamond drilling programme at the Redmoor Tin-Tungsten Project being undertaken through its joint venture vehicle Cornwall Resources Limited ("CRL"). Commenting, John Peters, Managing Director of Strategic Minerals, said: "The initial 10 holes of the 2017 drill programme at Redmoor have shown encouraging results causing the joint venture to re-assess the most beneficial drilling targets for Phase 2. The results have caused a re-focus in our thinking that the high-grade zones within the sheeted vein system may prove a superior underground mining prospect when compared to the original, narrow, high-grade lodes. "The team at Redmoor has done an outstanding job and has recommended a further three to six holes for Phase 2 exploration. This proposal has been agreed to by both joint venture parties and is now progressing. "We look forward to bringing the market further news on the progress at Redmoor later this year and in the first quarter of 2018." | |
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