Cornish Metals Inc. (TSX.V / AIM: CUSN)
Reported the remaining assay results from the Phase 1 drill programme at United Downs, in Cornwall, SW England.
This release includes results from the Mount Wellington and United Mines Targets within the United Downs project, located eight kilometres east of South Crofty.
|Cornish Metals||TSX.V : CUSN|
|Market cap||C$191 m @ 36c|
|Location||Cornwall, United Kingdom|
Cornish Metals Reports High Grade Copper, Tin and Zinc Mineralisation from Drilling at the Mount Wellington and United Mines Targets, United Downs Project
Cornish Metals Inc. (TSX.V / AIM: CUSN (“Cornish Metals” or the “Company”), a dual-listed company focused on advancing the South Crofty high-grade, underground tin project through to delivery of a Feasibility Study, as well as exploring its additional mineral rights, all located in Cornwall, South West England, is pleased to report the remaining assay results from the Phase 1 drill programme at United Downs. This release includes results from the Mount Wellington and United Mines Targets within the United Downs project, located eight kilometres east of South Crofty.
- All four of the remaining drill holes intersected multiple mineralised zones (Table 1 below).
- Two drill holes (MW22_001 and MW22_002), totaling 1,334.00 metres (‘m’), were completed at the Mount Wellington Target, testing the down dip extensions of both Mount Wellington Mine (tin – zinc) and United Mines (copper – tin – zinc – silver) (Figure 2).
- Two drill holes (UD22_01 and UD22_01A), totaling 1010.61m, drilled in the central part of United Downs project, tested the down dip extension of United Mines (Figure 2).
- MW22_001 intersected several high-grade zinc zones, including;
- 2.05m grading 6.05% zinc from 87.03m;
- 4.25m grading 5.51% zinc from 249.40m, and;
- 0.80m grading 6.48% zinc from 362.53m.
- MW22_002 (Figure 4) intersected several polymetallic zones, including;
- 1.49m grading 6.17% copper, and 67g/t silver from 326.00m;
- 4.89m grading 2.21% copper, and 19g/t silver from 548.36m;
- 1.66m grading 1.09% tin from 560.61m, and;
- 2.42m grading 3.70% tin, and 9.09% zinc from 649.41m.
- The high-grade zinc intersections in MW22_001 require further work to determine continuity along strike and to depth to establish the Mineral Resource potential.
- High grade tin intersects were encountered in UD22_01 and UD22_01A, confirming a potential transition from high grade copper to high grade tin at depth, similar to the mineralisation transition seen at South Crofty Mine (Figure 5).
- High-grade copper and tin intersections beneath United Mines have now been observed over a strike length of approximately 1,350m and the zone is open along strike and to depth (Figure 6).
- The high-grade tin intersects in MW22_002, GWDD_002 (see News Release dated November 17, 2020), UD21_011A (see News Release dated December 6, 2021), UD22_001, UD22_001A, and MW22_002 support management’s belief that tin grades increase with depth, similar to the mineralisation transition seen at South Crofty.
Richard Williams, CEO of the Company, stated
“The Phase 1 drill programme at United Downs has been successful on a number of fronts – assay results, safety, community support and drill contractor performance.
“Results from the United Downs drill programme confirm the potential to develop a Mineral Resource, especially the down dip section of the United Mine where we encountered high-grade copper, tin, and silver.
“The Company is now considering the next steps for United Downs.”
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