Cornish Metals Inc announced a material increase in resource following results of a new mineral resource estimate (MRE) at South Crofty tin mine in Cornwall. LOWER AND UPPER MINE Revised figures show a 9.5 to 10% increase in indicated resources in the lower and upper mine area, and nearly 130% rise in inferred resources in […]
Tag: Cornish Metals Inc
Cornish Metals plans 18-month drill at United Downs
Cornish Metals Inc announced it would conduct its first drill programme at its copper-tin project at United Downs, Cornwall. It will also undertake initial field work on other high priority exploration targets within transport distance of South Crofty. The Canadian miner will use funds raised for the operations from a private placing which raised £8.2 […]
Cornish Metals narrows losses
Cornish Metals Inc ended its last financial year with a low cash balance but narrowed losses at its copper-tin projects in South Crofty and United Downs, Cornwall. In its financial results for the year ended 31 January 2021, the Canadian exploration and development company recorded a cash balance of CA$353,601 [£207,000] (31 Jan 2020: $1,305,253). […]
Cornish Metals starts United Downs diamond drilling
Cornish Metals Inc said it had started a diamond drilling programme at its United Downs copper-tin project in Cornwall. The Canadian miner aims to target the high grade copper-tin mineralisation encountered during April 2020 in drill hole GWDD-002 that intersected 14.69 metres at 8.45% copper and 1.19% tin. Diamond drill hole GWDD-002 was drilled by […]
Cornish Metals secures more rights at South Crofty
Cornish Metals Inc said it will lease additional land, mineral and waste rights to further the redevelopment of South Crofty mine in Cornwall. The Canadian miner has reached an agreement with Brownfield Investments Ltd and Roskear Minerals LLP to lease 1.2 hectares surrounding New Roskear shaft in Camborne for up to 23 years. An agreement […]
Cornish Metals raises £8.2m via placing and subscription
Cornish Metals Inc said it had conditionally raised £8 million through a placing and subscription of common shares with new and existing investors. The Canadian company added that an additional investment of approximately £206,000 was made through an offer to high-net investors. The total amount reached £8.2m (CA$14.37m). Cornish Metals announced last Friday (5 February) […]