Business
UPDATED MINERAL RESOURCE ESTIMATE FOR SOUTH CROFTY
UPDATED MINERAL RESOURCE ESTIMATE FOR SOUTH CROFTY.
About this update from Cornish Metals Plc
[{"type":"text","content":"\n \n\nCORNISH METALS RELEASES UPDATED MINERAL RESOURCE ESTIMATE FOR SOUTH CROFTY TIN PROJECT\n31.6% increase to Contained Tin in the Indicated Category in the Lower Mine Area\n \nVancouver, September 13, 2023\nCornish Metals Inc. (TSX-V/AIM: CUSN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on its South Crofty Tin Project (\"South Crofty\" or the \"Project\") in Cornwall, United Kingdom, is pleased to release an updated JORC (2012) Mineral Resource Estimate (\"MRE\") for the South Crofty Tin Project. Cornish Metals has a 100% interest in, and is the operator of, the South Crofty Project.\nThe focus of this new MRE is the Lower Mine area (\"Lower Mine\") tin-only section of the Project, which has been subject to a thorough review, including further digitisation and modelling of historical data, but the Upper Mine polymetallic area has also been reported using current metal prices. Furthermore, assay results from recent drilling of the existing major structures at depth (No.4, No.8, Roskear and North Pool Zone) as part of a metallurgical testwork programme, have been incorporated into the new MRE.\nThis Lower Mine Tin-only updated MRE is summarised in Table 1 below:\n\n\n\n\nTable 1: Summary of South Crofty Lower Mine Mineral Resource Estimate at 0.6% Sn Cut-Off Grade, 6th September 2023\n\n\n\n\nClassification\n\n\nMass\n(kt)\n\n\nGrade\n(% Sn)\n\n\nContained Tin (t)\n\n\nIncrease to Contained Tin from 2021 MRE (t / %)\n\n\n\n\nIndicated\n\n\n2,896\n\n\n1.50\n\n\n43,573\n\n\n10,475 / 31.6%\n\n\n\n\nInferred\n\n\n2,626\n\n\n1.42\n\n\n37,422\n\n\n5,026 / 15.5%\n\n\n\n\nNote: See footnotes below in Table 2.\n \nKey Points\n \n· 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);\n· 35.6% increase in tonnes and 15.5% increase in contained tin in the Inferred Mineral Resource category from the 2021 MRE;\n· This MRE is based on a 0.6% Sn cut-off grade, as was used in the 2021 MRE;\n· The majority of new Mineral Resources are contained within the central part of the mine in No. 1, No. 2, No. 3, Mai...