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 \n \n RNS Number : 2325B\n Cornish Metals Inc.\n 09 June 2021\n \n \n \n \n \n \n \n CORNISH METALS RELEASES UPDATED MINERAL RESOURCE ESTIMATE FOR SOUTH CROFTY TIN MINE\n \n \n Indicated Resource Increases 10.2% to 2.08 Mt Grading 1.59% Tin for the Lower Mine\n \n \n Inferred Resource Increases 129.8% to 1.94 Mt Grading 1.67% Tin for the Lower Mine\n \n \n \n \n \n June 9, 2021 \n \n \n \n Cornish Metals Inc.\n \n (TSX-V/AIM: CUSN) (\"Cornish Metals\" or the \"Company\"), 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:\n \n \n \n \n \n South Crofty Summary Mineral Resource Estimate\n \n \n \n \n \n \n Area\n \n \n \n \n Classification\n \n \n \n \n Mass (000' tonnes)\n \n \n \n \n Grade \n \n \n \n \n Contained Tin / Tin Equivalent (000' tonnes)\n \n \n \n \n Increase in contained Tin / Tin equivalent from 2016 MRE\n \n \n \n \n \n \n Lower Mine\n \n \n \n \n Indicated \n \n \n \n \n 2,084\n \n \n \n \n 1.59% Sn\n \n \n \n \n 33\n \n \n \n \n 10.2%\n \n \n \n \n \n \n Inferred\n \n \n \n \n 1,937\n \n \n \n \n 1.67% Sn\n \n \n \n \n 32\n \n \n \n \n 129.8%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Upper Mine\n \n \n \n \n Indicated\n \n \n \n \n 277\n \n \n \n \n 1.01% SnEq\n \n \n \n \n 3\n \n \n \n \n 9.5%\n \n \n \n \n \n \n Inferred\n \n \n \n \n 493\n \n \n \n \n 0.93% SnEq\n \n \n \n \n 5\n \n \n \n \n 8.0%\n \n \n \n \n \n \n Richard Williams, CEO of Cornish Metals, stated,\n \n \"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 mineralisation below the historical workings, this new Mineral Resource Estimate confirms our belief in the resource expansion potential at South Crofty.\n \n \n \"Coming at a time when governments around the world are increasingly focussed on reducing carbon emissions, enhancing securi...