Cornish Metals Inc. (TSX-V / AIM: CUSN)
Reported results from five new diamond drill holes that are part of the ongoing drill programme at the United Downs copper – tin project, located in Cornwall, UK.
This drill programme is designed to follow up on the discovery of high-grade copper – tin mineralisation in a structure now named “UD Lode”.
|Cornish Metals||TSX.V : CUSN|
|Market cap||C$55 m @ 20.5c|
|Location||Cornwall, United Kingdom|
Cornish Metals Reports Results from Ongoing United Downs Drill Programme
August 30, 2021
“UD Lode” extended to over 200m strike length
Five new zones of mineralisation intersected
Cornish Metals Inc. (TSX-V / AIM: CUSN) (“Cornish Metals” or the “Company”) is pleased to report results from five new diamond drill holes that are part of the ongoing drill programme at the United Downs copper – tin project, Cornwall UK. This drill programme is designed to follow up on the discovery of high-grade copper – tin mineralisation in a structure now named “UD Lode” (formerly named “Lithium Lode”), announced April 6, 2020 (14.7metres (“m”) grading 8.5% copper and 1.2% tin).
- UD Lode has been intersected in five of the six drill holes reported to date, and has been traced over a 200m strike length and remains open along strike
- Four new zones of copper +/- tin +/- silver mineralisation have been intersected
* The results reported to date represent a total of 3,042m of drilling. A further 5,000m – 6,000m is planned.
Cornish Metals management comments
“Drilling at United Downs has successfully demonstrated the continuity of UD Lode along strike over a 200m distance, and highlights the potential to discover new zones of copper – tin – silver mineralisation adjacent to the main target.
“Drilling is ongoing to fully determine the lateral and vertical extent of these zones of mineralisation.”
Richard Williams, CEO, Cornish Metals
GEOLOGY AND MINERALISATION
The geology at United Downs comprises metasediments (locally termed “killas”), which overlie an intrusive granite body. All the historic copper mines within the area (United Mines and Consolidated Mines) and the historic tin, copper and zinc mines (Mount Wellington and Wheal Jane) exploited mineralisation hosted entirely within killas.
The mineralisation is primarily hosted in narrow, steeply dipping vein or “lode” structures, and consists of cassiterite (tin), chalcopyrite (copper) and sphalerite (zinc) with other copper minerals such as chalcocite and bornite occasionally present.
United Mines and Consolidated Mines, located 200m south and 400m north of UD Lode, respectively, operated between the early 1700s and the 1870s, mining high-grade copper ores (reported grades of 7.5% copper) to depths of up to 500m below surface.
Mount Wellington and Wheal Jane mines exploited similar structures located along strike from the historic mining at United Downs, where tin, copper and zinc mineralisation was mined and processed until 1978 and 1991, respectively. Wheal Jane was mined to a depth of approximately 500m below surface whereas Mount Wellington only reached approximately 200m depth before closing. Mount Wellington is located within Cornish Metals’ mineral rights and was still in mineralisation when the mined closed.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email email@example.com
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.