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Redmoor Phase 1 Drilling Results
Redmoor Phase 1 Drilling Results.
About this update from Strategic Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0244Q Strategic Minerals PLC 07 September 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 \n7 September 2017\n \nStrategic Minerals plc\n(\"Strategic Minerals\" or the \"Company\" or \"SML\")\n \nEncouraging Redmoor Phase 1 Drilling Results\nJoint Venture Partners Commit to Phase 2\n \nStrategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral production and development company, is pleased to announce the results from the first 10 holes of the Phase 1 diamond drilling programme at the Redmoor Tin-Tungsten Project being undertaken through its joint venture vehicle Cornwall Resources Limited (\"CRL\"). \n \nHIGHLIGHTS\n \n· Successful high-grade tin and tungsten intersection in Johnson's Lode and in Kelly Bray Lode\n \n· Great Southern Lode re-interpreted as a high-grade part of the Sheeted Vein System (\"SVS\")\n \n· Encouraging results from discrete high-grade zones within the SVS mineralisation \n \n· SVS high-grade zone widths and grades exceeding CRL's expectations. Exceptional intercepts include:\n \n\n\n\n\nCRD007:\n\n\n14.8 m @ 1.00 % SnEq from 245.7 m, including 2.5 m @ 3.39 % SnEq from 257.9 m\n\n\n\n\nCRD009:\n\n\n17.5 m @ 0.68 % SnEq from 265.9 m, including 3.1 m @ 1.97 % SnEq from 280.3 m\n\n\n\n\nCRD009:\n\n\n28.2 m @ 0.81 % SnEq from 298.8 m, including 7.0 m @ 1.89 % SnEq from 317.5 m\n\n\n\n\nCRD010:\n\n\n11.1 m @ 0.57 % SnEq from 113.3 m, including 3.1 m @ 1.19 % SnEq from 121.3 m\n\n\n\n\n \n· Re-examination of historical (1980's) drilling results has identified 31 significant intercepts within SVS high-grade zones\n \n· Phase 2 exploration re-focused on further defining the high-grade zones within the SVS as these are potentially an economically attractive target for underground mining\n \n· CRL's joint venture partners, have committed a further £150,000 to continue the first three additional holes in Phase 2 and have committed to complete an additional 3 holes should they be required\n&...