Strategic Minerals plc has expanded its current infill drilling programme, from 16,000 metres to 22,500m, following strong results at its Redmoor tungsten-tin-copper project in southeast Cornwall. RIGS The company’s subsidiary Cornwall Resources Ltd has to date completed the first of seven holes and started the second on 7 May. Strategic said that initial hole CRD042 […]
Tag: infill drilling
Cornwall Resources starts Redmoor infill drilling
Cornwall Resources Ltd has started resource infill drilling as part of the prefeasibilty study for its Redmoor tungsten-tin.copper project in the southeast of the county. MRE The company began on 28 March to drill hole CRD042, which is the first of eight planned holes from pad four, for a total 3,850 metres over six months. […]
Redmoor to undergo new resource infill drilling
Cornwall Resources Ltd has signed a drilling contract for new resource infill drilling, with results supporting the prefeasibility study for the Redmoor tungsten-tin-copper project. FUNDS Priority Drilling UK Ltd, based in Co. Galway, has started preparing the site and will initially use one rig and drill pads from 2025 operations. Cornwall Resources aims to submit […]
Strategic raises £4m for Redmoor
Strategic Minerals plc has raised gross £4 million through the issue of an aggregate 307,692,308 new ordinary shares in the company of 0.1 pence each, at a price of 1.3p per new ordinary share. TVRs The fundraise comprised a placing and a subscription for 123,076,922 and 184,615,386, respectively. Strategic said that demand had exceeded expectations, […]
Neptune begins infill drilling for tenth Cygnus well
Neptune Energy has begun work on the tenth gas well with an infill drilling campaign at its operated joint venture Cygnus gas field in the southern North Sea. GAS HEATING Cygnus partners comprise Neptune as operator (38.75%) and Spirit Energy (61.25%). The company said that the operation had the potential to unlock enough gas to […]
Condor starter pits are ‘shovel ready’ at La India
Condor Gold plc said that the starter pits were “shovel ready” following final assay results for the 3,370m drill programme at La India, Nicaragua. ECONOMICS Operations have also discovered an “additional vein in the footwall.” The two starter pits are planned to exploit two high grade segments of the La India open pit to 35m […]