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Improved High Grade Intersections at Redmoor
Improved High Grade Intersections at Redmoor.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 8778Y Strategic Minerals PLC 11 December 2017 \n\nMarket Abuse Regulation (MAR) Disclosure\nCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.\n \n11 December 2017\n \nStrategic Minerals plc\n(\"Strategic Minerals\", \"SML\" or the \"Company\")\n \nImproved High Grade Intersections from Redmoor Phase 2 Drilling \n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), a diversified mineral production and development company, announces the results from the Phase 2 drilling programme at its Redmoor Tin-Tungsten Project in Cornwall, UK, undertaken through its joint venture vehicle, Cornwall Resources Limited (\"CRL\"). The Phase 2 drilling programme involved 5 holes which are the last results to be announced from the 2017 drilling programme (20 holes in total).\n \nKey Highlights\n \n· Successful intersection of high-grade zones within the Sheeted Vein System (\"SVS\") in all 5 Phase 2 drill holes.\n\n· Considerably higher-grade intercepts than previously reported.\n\n· 9 significant intercepts from SVS high-grade zones in the 5 Phase 2 holes. These average 8.4 m @ 1.34% SnEq, including 2.4 m @ 2.78% SnEq and contain peak grades up to 12.38% SnEq.\n\n· Depth of SVS high-grade zones significantly increased by 180 m in hole CRD019\n\n· Commencement of work on the resource update, targeted for release in Q1 2018.\n\n· Positive results encouraging CRL to prioritize plans to achieve production status.\n\nThe completion of Phase 2 of the 2017 drilling programme at Redmoor has resulted in 20 drill holes over the term of the programme. The 5 Phase 2 drill holes were particularly impressive with these results continuing to build on and confirm the previously reported results from SVS high-grade zones. Further, the results demonstrate considerably higher grades than the average of previously reported significant intercepts (0.91% SnEq over 24 intercepts). As a result of Phase 2 drilling, the average of all 33 significant intercepts from SVS high-grade zones drilled to date (historic and CR...