Strategic Minerals plc, parent of Cornwall Resources Ltd, issued 20 million new ordinary shares of £0.001 each, following a warrants exercise at £0.005 per share, for a total £100,000. TVRs Following admission, the company will have 2,369,297,949 ordinary shares in issue, with a equal number of voting rights. Strategic’ assets include the Redmoor tungsten-tin-copper exploration […]
Tag: Cornwall Resources Ltd
Redmoor shows new zones of high grade tin-tungsten
Cornwall Resources Ltd reported new zones of high-grade tin and tungsten from its drilling campaign at Redmoor in Cornwall. GLOBAL Assays from drill hole CRD033 include 2.00 metres at 1.06% tin from 231.90m. The results allow the company to restate sampled intersections, adding a tungsten trioxide equivalent. Results now include 2.00m at 4.04% tungsten trioxide equivalent […]
Cornwall Resources intersects high grades at Redmoor
Cornwall Resources Ltd reported “multiple, stacked zones of high-grade intersections” from the first assays at the Redmoor tungsten-tin-copper project. CONTINUITY Results from the first borehole, CRD033, confirmed “multiple zones of high-grade tungsten mineralisation throughout the 90-metre thick Redmoor sheeted vein system (SVS) deposit”. Returns included 3.05 m at 1.43% tungsten trioxide and 0.54% copper from 439.70m, […]
Cornwall intersects Redmoor sheeted vein system
Cornwall Resources Ltd has intersected the “full thickness of the sheeted vein system” (SVS) in the first set of drill holes at the Redmoor tungsten-tin-copper project in the east of the county. RIGS The company also mobilised the planned second rig on 8 September for the remainder of the drilling campaign. Cornwall said that geological […]
Strategic awards 145m incentive share options
Strategic Minerals plc has granted options over 145 million new ordinary shares of £0.001 each in a new enterprise management incentives share option plan for its key employees and to preserve cash in the short term. MRE Recipients include executive director Mark Burnett with 70m options and executive chairman Charles Manners with 50m. Strategic will […]
CRL drills notable intersects at Redmoor
Cornwall Resources Ltd’s first drill hole has met its expectations with “notable” mineralised intersections at its Redmoor tungsten-tin-copper project in Kelly Bray. TWINNING The findings are the first from a current nine-borehole drill programme for 5,300 metres of new diamond core drilling. The company completed borehole CRD033, “unique” in the campaign, to 600.4m before geological […]