Cornwall Resources Ltd has received the first of two diamond core drilling rigs at its Redmoor tungsten, tin and copper project in the east of the county. RELOGGING Priority Drilling UK Ltd’s rig will drill the first three boreholes at the project before the second drill arrives to help complete the nine-hole programme for 5,300 […]
Tag: Cornwall Resources Ltd
Strategic receives Leigh Creek call option payment
Cornwall Resources Ltd’s parent company said it had received the A$100,000 for an exclusive call option to acquire the Leigh Creek copper mine in South Australia. REDMOOR If the sale proceeds and completes, Strategic Minerals plc is expected to use net proceeds for its Cornish subsidiary’s Redmoor tin-tungsten project in the east of the county. […]
Cornwall Resources to drill for revised MRE
Cornwall Resources Ltd has signed a contract for two rigs to diamond drill a total 5,300 metres during the second half of the year at its Redmoor tin-tungsten-copper project near Kelly Bray, north of Callington. ADVANCEMENTS The contract with Priority Drilling UK Ltd follows match grant funding from the Government, through the UK Shared Prosperity […]
CRL’s reanalysis increases grades at Redmoor
Cornwall Resources Ltd has identified an overall increase in grades at its Redmoor tungsten, tin and copper project following reanalysis of 73 pulp samples from 2017 and 2018 exploration drilling. MRE The review applied a reduced analytical cutoff grade utilised to select samples for x-ray fluorescence (XRF) from 0.5% tungsten trioxide to 0.3%. A total […]
Redmoor in line for possible cash injection
Cornwall Resources Ltd could be in line for an injection of several million pounds for the Redmoor project after its parent company agreed a tentative deal to sell its Australian assets. LISTING Strategic Minerals plc signed a non-binding heads of agreement with Axis Mining & Minerals Pty Ltd to sell its Australia subsidiary which owns […]
Redmoor exploration bolstered by £1m fundraise
Cornwall Resources Ltd’s parent company has raised £1 million via a 25% discounted placing of 333,333,333 new ordinary shares to certain investors at a price of 0.3 pence per share. TUNGSTEN Strategic Minerals plc said that proceeds of the oversubscribed placing would be mainly used to progress the Redmoor tungsten-tin-copper project in Cornwall and for […]