Cornish Metals Inc. SECOND DRILL RIG ADDED AT UNITED DOWNS
RNS Number : 6743M
Cornish Metals Inc.
23 September 2021
CORNISH METALS ADDS A SECOND DRILL RIG TO UNITED DOWNS DRILL
September 23, 2021
Cornish Metals Inc. (TSX-V/AIM: CUSN) ("Cornish Metals" or the
"Company") reports that it has added a second drill rig to its
ongoing 8,000 metre ("m") - 9,000m drill programme at United Downs,
Cornwall, UK. The second rig will explore Trenares Lode, a new
target located approximately 900m south of UD Lode where drilling
is continuing (see map ). The most recent details on the status of
drilling at the UD lode were provided in Cornish Metals' news
release dated August 30, 2021 .
Trenares Lode, located 300m south of the former producing Mount
Wellington Mine, is a polymetallic (copper - tin - zinc) target
that was discovered in the 1970s by Cornwall Tin & Mining Ltd.
The lode was first identified through surface drilling and
subsequently an exploration drift was extended towards the lode
from Mount Wellington 4 Level, however no further exploration work
was conducted after Mount Wellington Mine closed in 1977. The
Company believes the Trenares Lode represents a prospective new
target in an area where no historic mining has taken place.
Drilling has commenced at Trenares Lode and the initial
programme will involve up to 12 holes from four locations over the
next three months.
Richard Williams, CEO, stated; "The ongoing United Downs
drilling programme focused on the UD Lode has successfully
demonstrated the existence and the continuity of mineralisation in
the holes returned to date. The addition of a second drill rig
allows us to test additional targets that have been identified. We
look forward to sharing results as they are received."
ABOUT CORNISH METALS
Cornish Metals is exploring and evaluating development options
for the South Crofty tin and United Downs copper / tin projects,
plus additional mineral rights located in Cornwall, UK. 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.
For additional information please contact:
In North America:
Irene Dorsman at (604) 200 6664 or by e-mail at
SP Angel Corporate
& Joint Broker) Tel: +44 203 470 0470
Hannam & Partners
(Joint Broker) Tel: +44 207 907 8500
(Financial PR/IR-London) Tel: +44 207 138 3204
Tim Blythe firstname.lastname@example.org
Megan Ray email@example.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.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
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(END) Dow Jones Newswires
September 23, 2021 01:59 ET (05:59 GMT)
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