Strategic Minerals boosts resource potential of Redmoor
Strategic Minerals () has boosted the resource potential of the Redmoor tin and tungsten project in Cornwall.
The company’s subsidiary, Cornwall Resources, is continuing to develop the Redmoor project through a process of relogging and sampling of existing diamond drill core, as well as undertaking other exploration and project activities.
The latest set of results received by the company further validate potential upside to the existing resource, which was released in 2019.
Assay data confirms additional mineralisation identified within and outside of the existing Redmoor deposit, with the potential to contribute additional resources.
The new results are based on laboratory results from 194 new diamond drill core samples taken from seven diamond core drillholes from CRL's 2018 drilling campaign.
The results identify new tungsten, copper and tin mineralisation within and external to the established sheeted-vein-system, including tungsten trioxide grades of 0.33% WO3 over one metre from 393.5 metres depth, and 0.30% WO3 over one metre from 440.95 metres.
Copper grades of 0.34% over four metres were encountered at 384 metres depth, and of 0.42% over 1.25 metres from 326.9 metres.
Elevated tin concentrations were also encountered.
Cornwall Resources will now move to re-log 2017 drill core, with both work programmes expected to significantly de-risk future drilling programmes at Redmoor and support remodelling of the deposit and any future resource update.
Cornwall Resources continues exploration in the highly prospective Duchy of Cornwall licenced Tamar Valley and Redmoor areas, focusing on baseline soil sampling to identify potential new exploration targets. So far, 279 samples have been collected and will be sent for analysis shortly.
"These results further validate the potential upside within the Redmoor deposit through the reassessment of CRL's existing drill core using enhanced methodologies,” said Dennis Rowland, project manager for Cornwall Resources.
"This cost-effective approach continues to yield positive outcomes while also mitigating risks for future exploration programs at Redmoor. The geological team has commenced the relogging and sampling of Redmoor's 2017 drill core, with an additional 7,022 meters of core remaining for review. We anticipate shipping further samples and will report the results in due course once this programme is complete."
View from Vox
Redmoor continues to look enticing. It would be interesting to see what could be achieved there if there was a big upturn in market sentiment towards the mining sector. In the meantime, steady progress continues, and the project’s strategic location inside the UK means that it won’t be fading from view any time soon.
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