- Cornish Metals (CUSN) is reporting a new discovery from its South Crofty Project in Southwest England
- The Vancouver-based mineral exploration company is also reporting other high-grade tin intercepts
- Results are from the eight recently-completed drill holes in the project’s Carn Brea South exploration area
- Drilling confirmed extensions of the historic Great Flat Lode and discovered tin mineralization in a new target
- Cornish Metals is up 13.73 percent, trading at $0.29 at 1:31 p.m. EST
Cornish Metals (CUSN) is reporting a new discovery from its South Crofty Project in Southwest England.
The Vancouver-based mineral exploration company is also reporting other high-grade tin intercepts.
Drilling confirmed up-dip, near-surface extensions of the historic Great Flat Lode and discovered tin mineralization in a new target. The company labelled the new target the “Wide Formation.”
All eight drill holes intersected tin mineralization, with the strongest grading 2.77 metres of grading 0.99 percent tin within a 12.14-metre wide zone of strong alteration and disseminated tin mineralization.
“The Wide Formation has been interpreted to exist from exploration drilling conducted in the 1960s but has never been followed up until now. Discovering a new high-grade zone of tin mineralization in the middle of a historic mining district is a tremendous outcome and again demonstrates the exploration potential of the region. The Great Flat Lode, which lies above the Wide Formation, was mined historically over a five-kilometre (“km”) strike length, so we believe we have a very compelling target to explore within and immediately adjacent to the South Crofty Underground Permission area. We look forward to the next phase of drilling to determine the extent of this discovery,” said CEO Richard Williams.
“The shallow, high-grade tin intersects from the Great Flat Lode represent an opportunity to define nearby and near-surface Mineral Resources to complement those we have already identified at South Crofty.”
Cornish Metals (CUSN) is up 13.73 percent, trading at $0.29 at 1:31 p.m. EST.
