Cornwall Resources Limited
Critical Minerals Resources of Tungsten - Tin - Copper in South East Cornwall
Cornwall Resources Limited (“CRL”) is a wholly owned subsidiary of Strategic Minerals Limited (“SML”) (AIM: SML; USOTC: SMCDY) focussed on advancing the high-grade, underground Redmoor Tungsten-Tin-Copper Project.
CRL are currently undertaking a relogging and sampling campaign of historic Redmoor drill core, whilst also working towards securing further funding to advance Redmoor, as well as exploring its significant and expanding minerals rights licence areas in east Cornwall, South West England.
The Redmoor Project
is situated within the historically significant Tamar Valley Mining District, yet the sheeted vein system (“SVS”) forming the basis of CRL’s inferred resource is unmined. SML bought into CRL in 2016, and in 2019 completed the purchase of the project. CRL’s most recent, JORC-compliant, Inferred Mineral Resource Estimate (“MRE”) for Redmoor utilised a comprehensive archive of historical data and combined this with information from the completion of two exploration campaigns, in 2017 and 2018, which encompassed 32 boreholes for 14,000m of diamond core drilling. Based on this high-grade resource, an updated Scoping Study, published in 2020 shows that Redmoor has potentially economic viability as a new, underground mine.
JORC Compliant (2012) Inferred Mineral Resource Estimate published
14 February 2019, of 11.7Mt at 1.17% Tin equivalent, made up of Tungsten, Tin and Copper.
As a result of this, combined with mining and processing studies, an independent economic assessment, as part of a Scoping Study (2020), has been carried out by consultants to CRL and has shown that the Redmoor Project is potentially economically attractive.
Through mineral rights agreements with Redmoor Minerals Limited and The Duchy of Cornwall, CRL has exclusive access to a mineral rights exploration operating area of 87.95 km² in the highly prospective Tamar Valley Mining District. CRL is undertaking regional and targeted exploration activities to develop critical minerals targets, that subject to further exploration could from satellite resources to a mine at Redmoor.
Subject to securing necessary funding, CRL has in place permissions for drill programs for further exploration and continued development of the Redmoor Tungsten-Tin-Copper resource. The CRL team are presently engaged in work to further advance the project towards eventual development.
