Business
Redmoor - Deep Digital Cornwall Update
Redmoor - Deep Digital Cornwall Update.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \n \n Market Abuse Regulation (MAR) Disclosure\n \n \n Certain 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 \n \n \n \n \n \n 14 September 2022\n \n \n \n \n Strategic Minerals plc\n \n \n \n (\"Strategic Minerals\", \"SML\" or the \"Company\")\n \n \n \n \n \n \n Redmoor Update\n \n \n \n \n Deep Digital Cornwall Datasets General Release\n \n \n \n Soil samples indicate significant Tin-Tungsten mineralisation trends near surface\n \n \n Strategic Minerals plc (AIM: SML; USOTC: SMCDY), a profitable producing mineral company, is pleased to announce that its wholly owned subsidiary Cornwall Resources Limited (\"CRL\") has today released the first data from the 'Deep Digital Cornwall' project (\"DDC\"). DDC is led by the University of Exeter's Camborne School of Mines (\"CSM\"), in which CRL and Cornish Lithium Ltd are delivery partners. DDC is funded by the European Regional Development Fund (\"ERDF\"), through\n HM Department for Levelling Up, Housing and Communities (\"DLUHC\").\n \n \n \n Highlights:\n \n \n \n ·\n \n New areas of mineral prospectivity for Tin and Tungsten, within the Company's license area to the west of Redmoor, identified in\n \n DDC soil sampling results being released to the public\n \n .\n \n \n \n ·\n \n Tin, including\n \n \n 1% Sn (10,000ppm), or 1.06% Sn(Eq) in soil sample DDC001275, found in mineralised trend A and includes potentially significant results for further follow-up.\n \n \n \n ·\n Likely presence of two subsurface granite upwellings identified in Reid Geophysics' 3D model interpretation of the granite body and accompanying reports.\n \n \n ·\n \n DDC project entering the second, and final phase.\n \n \n \n ·\n CRL's datasets for Phase 1 have been provided to CSM for storage and use by SMEs, researchers and for open access.\n \n \n ·\n \n Phase 1 saw a\n \n \n total of 1,702 soil samples collected alongside 910 gravity survey points\n \n \n .\n \n \n \n ·\n \n CRL continues work on Phase 2 to maximise the grant funding to develop high-quality datasets that will benefit CRL's operations.\n \n \n \n ·\n \n CRL is hosting local presentations this week, updating local community members and landowners on the DDC data collected within the a...