TIDMCUSN
Cornish Metals Inc.
08 April 2021
DRILL PROGRAMME UNDERWAY AT UNITED DOWNS COPPER-TIN PROJECT
April 8, 2021
Cornish Metals Inc. (TSX-V/AIM:CUSN) ("Cornish Metals" or the
"Company"), is pleased to report that it has commenced diamond
drilling at its United Downs copper-tin project in Cornwall UK. As
stated previously, the objective of the drilling programme is to
follow-up the high-grade copper-tin mineralisation in drill hole
GWDD-002 that intersected 14.69 metres ("m") at 8.45% copper ("Cu")
and 1.19% tin ("Sn") (see news release dated April 6, 2020 ).
The drilling programme has been contracted to Priority Drilling
Ltd., under the supervision of Cornish Metals' geological team;
and
The drill programme will be run with full COVID safe guidelines,
policies and procedures in place.
Richard Williams, CEO of Cornish Metals, stated, "We are all
very excited to start this drill programme, following on from our
successful AIM listing. The first phase of the programme will focus
on tracing the high-grade copper-tin structure along strike to
determine its full extent."
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 United Downs copper-tin project is located in the historic
Gwennap mining district, which was an area of high grade copper
mining in the 1700s and 1800s (United and Consolidated Mines). More
recently, the Wheal Jane mine (immediately east of the United Downs
project) and Mount Wellington mine (within the United Downs project
area) were in production up until 1991 and 1978, respectively. All
of the mines in the vicinity were underground operations, extending
up to approximately 500m below surface. Mineralisation remains open
to depth beneath these mines, as evidenced by drilling results from
GWDD-002 in 2020, which intersected 4.04m grading 4.4% Cu and 2.06%
Sn at a downhole depth of 638.85m - 642.89m beneath the United Mine
(see news release dated November 18, 2020 ).
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.
TECHNICAL INFORMATION
The technical information in this news release has been compiled
by Mr. Owen Mihalop. Mr. Mihalop has reviewed and takes
responsibility for the data and geological interpretation. Mr. Owen
Mihalop (MCSM, BSc (Hons), MSc, FGS, MIMMM, CEng) is Chief
Operating Officer for Cornish Metals Inc. and has sufficient
experience relevant to the style of mineralisation and type of
deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined under the
JORC Code (2012) and as a Qualified Person under NI 43-101. Mr.
Mihalop consents to the inclusion in this announcement of the
matters based on his information in the form and context in which
it appears .
For additional information please contact:
In North America:
Irene Dorsman at (604) 210 8752 or by e-mail at
irene@cornishmetals.com
SP Angel Corporate
Finance LLP
(Nominated Adviser
& Joint Broker) Tel: +44 203 470 0470
Richard Morrison
Charlie Bouverat
Grant Barker
Hannam & Partners
(Joint Broker) Tel: +44 207 907 8500
Matthew Hasson
Andrew Chubb
Ernest Bell
Blytheweigh
(Financial PR/IR-London) Tel: +44 207 138 3204
Tim Blythe tim.blythe@blytheweigh.com
Megan Ray megan.ray@blytheweigh.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release .
Caution regarding forward looking statements
This news release contains "forward-looking statements".
Forward-looking statements, while based on management's best
estimates and assumptions at the time such statements are made, are
subject to risks and uncertainties that may cause actual results to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to receipt of regulatory approvals, risks related to
general economic and market conditions; risks related to the
COVID-19 global pandemic and any variants of COVID-19 which may
arise; risks related to the availability of financing; the timing
and content of upcoming work programs; actual results of proposed
exploration activities; possible variations in Mineral Resources or
grade; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes, title disputes, claims and
limitations on insurance coverage and other risks of the mining
industry; changes in national and local government regulation of
mining operations, tax rules and regulations.
Although Cornish Metals has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Cornish Metals undertakes no obligation or
responsibility to update forward-looking statements, except as
required by law.
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END
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April 08, 2021 02:00 ET (06:00 GMT)
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