Cornish Metals Inc (AIM:CUSN, TSX-V:CUSN, OTC:SBWFF) reports a 31% enhancement in the indicated tin resource at their South Crofty mine located in Cornwall.
The updated indicated tin resources are now pegged at 43,570 tonnes, and there’s an additional 37,400 tonnes (a 15% increase) in the inferred segment.
Highlighting their recent findings, Cornish Metals mentioned their emphasis on the Lower Mine – specifically the tin-only section. This is combined with assay outcomes from the latest deep drilling sessions, which was a part of the metallurgical testwork agenda.
Key Points
· 39.0% increase in tonnes and 31.6% increase in contained tin in the Indicated Mineral Resource category from the 2021 MRE (see news dated June 9, 2021);
· 35.6% increase in tonnes and 15.5% increase in contained tin in the Inferred Mineral Resource category from the 2021 MRE;
· This MRE is based on a 0.6% Sn cut-off grade, as was used in the 2021 MRE;
· The majority of new Mineral Resources are contained within the central part of the mine in No. 1, No. 2, No. 3, Main, Intermediate, North and Great Lodes following digitization and modelling of historical data;
· The major lode structures that comprise the Mineral Resource remain open along strike and at depth;
· The MRE was prepared by Cornish Metals’ in-house geology team and independently reviewed and verified by Nicholas Szebor of AMC Consultants (UK) Ltd (“AMC”), who takes responsibility for the estimate; and
· AMC will prepare an updated NI 43-101 Technical Report which will be filed on SEDAR within 45 days of this announcement.
CEO Richard Williams commented, “This update signifies another progressive step for South Crofty as we move towards completing a feasibility study by 2024’s conclusion.
The revised MRE is set to be integrated into the FS mine plan, which is expected to be published before 2024 concludes.
