Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Cornish Metals Inc - Vancouver-based mineral exploration company - Commences a minimum 8,000 metre drilling programme at the South Crofty underground tin project in Cornwall, England.
The drilling programme has the purpose of collecting samples for metallurgical testwork as part of its feasibility study, with one drill rig targeting the central section of the mine complex, the second drill rig on the North Pool zone, and the third rig from underground in the Tuckingmill Decline.
‘This drill programme allows us to accelerate the South Crofty Feasibility Study in advance of dewatering the mine and will provide key information for the mineral processing flowsheet, especially the amenability of the mineralised zones to ore sorting which, if successful, will present an opportunity to deliver higher grade feed and reduce the size of a process plant,’ said Chief Executive Officer Richard Williams.
Current stock price: 18.35 pence
12-month change: up 21%
Copyright 2022 Alliance News Limited. All Rights Reserved.