- Cornish Metals (CUSN) has received approval for its exploration drilling program in the United Kingdom
- The company will start work at its United Downs project in Cornwall on April 6, 2021
- The aim of the drill program is to follow-up on the discovery of high-grade copper-tin mineralization
- The drilling program will include up to five separate drill sites
- Cornish Metals is unchanged on the day, with shares of the company trading at C$0.18 at 11:51 am ET
Cornish Metals (CUSN) has received approval for its exploration drilling program in the United Kingdom.
The company will start work at its United Downs project in Cornwall on April 6, 2021.
The aim of the drill program is to follow-up on the discovery of high-grade copper-tin mineralisation in drill hole GWDD-002 that recorded 14.69 metres at 8.45 per cent copper and 1.19 per cent tin.
The drilling program will include up to five separate drill sites.
“The receipt of the drilling permit from Cornwall Council is an important step in our aim of delineating a new high-grade copper-tin resource at United Downs. The first phase of the program will focus on tracing the recently discovered high-grade copper-tin structure along strike and down to a depth of up to 500m.
Thereafter, depending on success, we aim to conduct a second phase of infill drilling later in the year to enable a maiden mineral resource to be defined. Our local exploration team has worked hard over the last few months to complete the work required for the application and consult with local residents on our plans for the forthcoming campaign.
Much has happened in the year since we announced the initial discovery, including renaming the company to Cornish Metals and completing a dual listing on the AIM Market of the London Stock Exchange. We now very much look forward to commencing this drill program and discovering what more this historic mining area has to offer,” said Cornish Metals CEO Richard Williams.
The United Downs copper-tin project is located in the historic Gwennap mining district, which was an area of high grade copper mining in the 1700s and 1800.
Cornish Metals is unchanged on the day, with shares of the company trading at C$0.18 at 11:51 am ET.
