Mining Review 18th December 2022
Panama was the focus of the mining world this week as the government of that Central American country withdrew the mining licence for the El Cobre copper mine after failing to come to an agreement with owner First Quantum Minerals.
Ascot Resources, Calidus Resources, Cornish Metals, and Maple Gold Mines all made news this week. Continue reading
Cornish Metals (TSX.V / AIM: CUSN)
Released its unaudited financial statements and management, discussion and analysis (“MD&A”) for the nine months ended October 31, 2022.
Cornish Metals is a mineral exploration and development company focused on its projects in Cornwall, United Kingdom. Continue reading
Mining Review 6th November 2022
Despite the 0.75% US rate hike, this was a positive week for gold, with the price in UK£ rising by 4.38% to £1,478.
American Creek Resources, Cornish Metals, i-80 Gold, and Neometals were all in the news this week. Continue reading
Mining Review 4th September 2022
Another poor week for gold and all metals as the US dollar again rises on interest rate hike anticipation. The price of gold in British pounds is up 3% in a month, due to the weakness of the pound. Uranium, up 8% in a week was the sole positive.
Cornish Metals and Kootenay Silver reported good drill results in an otherwise quiet week. Continue reading
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. Continue reading
Cornish Metals (TSX.V / AIM: CUSN)
Reported the assay results from nine diamond drill holes drilled to test the Trenares Lode target within the United Downs project, located in Cornwall, SW England.
Mineralisation is principally tin – zinc – silver with minor copper. Intersects included TN21_002 2.42m grading 2.88% tin and 1.43% zinc. […] Continue reading
Mining Review Sunday Update 5th June 2022
Companies in the news this week included Cornish Metals, Impact Minerals, Karora Resources, and Wesdome.
Gold was hit by a rising US dollar although the rise might be over now. Continue reading
Cornish Metals Inc.(TSX.V / AIM: CUSN)
Reported that, further to the Company’s news release dated November 3, 2021, it has received TSX-V approval for the issuance of 20,298,333 common shares (“Milestone 1 Shares” or “Shares”) of the Company to Galena Special Situations Ltd (“Galena”) and Tin Shield Productions Inc (“Tin Shield”). Continue reading
Mining Review Sunday Update 1st May 2022
Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.
Companies in the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals. […] Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
A special meeting of its shareholders will be held virtually via live audio teleconference on Thursday, May 19, 2022, at 9am (Vancouver time) / 5pm (London time) to seek the shareholder approvals necessary to complete the previously announced unit offering to raise proceeds of up to £40,500,000. […] Continue reading
Mining Review Sunday Update 3rd April 2022
The nickel price is still holding at a higher level then before the LME ‘Big Shot’ debacle, and volumes remain low, some trust has been lost.
Watchlist companies making news this week included Banyan Gold, Cornish Metals, Gold Road Resources, Neometals, and Pure Gold Mining. […] Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Announced that, subject to approvals, the Company plans to raise gross proceeds of up to £40,500,000 (C$66,800,700).
This comprises one share priced at 18p (C$0.30) per common share and a warrant to purchase one common share priced at 27p (C$0.45) for 36 months. […] Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Announced that it has reached an agreement, through a wholly-owned subsidiary of the Company, to sell a 1% Net Smelter Returns Royalty (NSR) on its Sleitat tin-silver project in Alaska to Electric Royalties Ltd. (TSX-V:ELEC) […] Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Announced that it has reached an agreement with Sir Ferrers Vyvyan of Trelowarren in Cornwall to lease certain mineral rights owned by the Vyvyan family.
The mineral lease covers an area of 222 hectares and is valid for 25 years. […] Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Reported assay results from three diamond drill holes at the ongoing drill programme at the United Downs copper – tin project, Cornwall, UK.
Drill hole UD21-011A intersected five parallel zones of high-grade copper / tin / silver mineralisation beneath the historic United Mines. Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Reported assay results from two diamond drill holes, UD21-006 and UD21-008, which are part of the ongoing drill programme at the United Downs copper – tin project, Cornwall UK. Continue reading
