“Cornish Metals is exploring, developing and looking to re-open two Cornish projects, including the famous South Crofty Mine, which closed in 1988 after 400 years of continuous production.” IWA Member
June 11, 2021
Written By: IWA Team Member
CORNISH METALS RELEASES UPDATED MINERAL RESOURCE ESTIMATE FOR SOUTH CROFTY TIN MINE
Indicated Resource Increases 10.2% to 2.08 Mt Grading 1.59% Tin for the Lower Mine
Inferred Resource Increases 129.8% to 1.94 Mt Grading 1.67% Tin for the Lower Mine
Cornish Metals Inc. (TSX-V/AIM: CUSN), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, is pleased to announce the results of an updated Mineral Resource Estimate (“MRE”) for South Crofty in accordance with the JORC Code (2012). The Mineral Resource is divided into the “Lower Mine” and “Upper Mine” areas for reporting purposes. A summary of the updated MRE is tabulated below:
Richard Williams, CEO of Cornish Metals, stated, “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. Following on from our successful surface drilling campaign in 2020, where we intersected high-grade tin mineralization below the historical workings, this new Mineral Resource Estimate confirms our belief in the resource expansion potential at South Crofty.
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IWA is a shareholder of Cornish Metals Inc.
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