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Cornish Metals Inc V.CUSN

Alternate Symbol(s):  SBWFF

Cornish Metals Inc. is a Canada-based mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom. The 100% owned and fully permitted South Crofty tin project is a strategic tin asset and is located in the Central Mining District of Cornwall, in the towns of Pool and Camborne, United Kingdom. The project’s underground permission area covers about 1,490 hectares (ha) and includes 26 former producing mines. The Company also has additional mineral rights in Cornwall, United Kingdom. The additional mineral rights cover an area of about 15,000 ha and are scattered throughout Cornwall and include the United Downs Project. It maintains an interest in the Nickel King Property and the Sleitat Tin-Silver Property. The Company also maintains an interest in exploration properties which are prospective for tin, tungsten and silver in Alaska and nickel in Northwest Territories, Canada.


TSXV:CUSN - Post by User

Post by mrsgoldmineron Jul 26, 2021 7:28am
162 Views
Post# 33603287

Cornish Metals files South Crofty report on SEDAR

Cornish Metals files South Crofty report on SEDAR

Cornish Metals files South Crofty report on SEDAR

 

2021-07-26 07:20 ET - News Release

 

Mr. Richard Williams reports

CORNISH METALS FILES TECHNICAL REPORT FOR THE SOUTH CROFTY TIN PROJECT MINERAL RESOURCE UPDATE ON SEDAR

Cornish Metals Inc. has filed a technical report pursuant to National Instrument 43-101 -- Standards for Disclosure for Mineral Projects for the South Crofty tin project, Cornwall, United Kingdom, under Cornish Metals' profile on SEDAR. The Company's news release dated June 9, 2021 summarizes the mineral resource estimate.

The technical report, titled "South Crofty Tin Project Mineral Resource Update" (the "Technical Report") was prepared by AMC Consultants (UK) Ltd on behalf of Cornish Metals and was co-authored by Nicholas Szebor, CGeol (London), EurGeol, FGS and Robert Chesher, FAusIMM (CP). All of the co-authors of the Technical Report are independent of Cornish Metals, meet the definition of a "Qualified Person" under NI 43-101 and have consented to the disclosure in Cornish Metals' June 9, 2021 news release which describes the updated mineral resource estimate for the South Crofty Tin Project.

ABOUT CORNISH METALS

Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper / tin projects, plus additional mineral rights located in Cornwall, UK, in July 2016 (see Company news release dated July 12, 2016). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc, and tungsten.

The South Crofty project covers the former producing South Crofty tin mine located beneath the towns of Pool and Camborne, Cornwall. South Crofty mine closed in 1998 following over 400 years of continuous production. Since acquiring the project in 2016, Cornish Metals has completed and published maiden NI 43-101 mineral resources for South Crofty using the vast archive of historical production data and more recent drilling completed between 2007 and 2013. In 2017, Cornish Metals completed a Preliminary Economic Assessment that demonstrated the economic viability of re-opening the mine. Additionally, Cornish Metals has undertaken extensive pilot-scale water treatment trials and successfully applied for and received the necessary environmental permits to abstract, treat and discharge mine water in order to dewater the mine. Planning permissions for the operation of the mine and re-development of the surface facilities have been secured and construction of the water treatment plant foundations commenced. The dewatering pumps, variable speed drives and new high-voltage power supply have been delivered to site.

We seek Safe Harbor.

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