10 Jun Cornish Metals increases indicated resource at tin-copper project by 10%
Canadian junior Cornish Metals has provided an updated resource estimate for its South Crofty tin-copper project in the Southwest of the UK, as it seeks to reopen the past producing mine.
Additional sampling revealed a 10% increase in indicated resources to 2.08 million tonnes (Mt) in both the lower and upper mine areas, along with a 130% gain in inferred tin resources at the lower mine to 1.94 Mt.
“We are very pleased with the outcome of this new mineral resource estimate, which shows a material increase in both tonnage and contained tin in the ground at South Crofty,” chief executive Richard Williams said.
The South Crofty mine has been closed since 1998 following over 400 years of historic production at the site in Cornwall, which has been earmarked as the centre of the UK’s mining industry for base and technology metals.
“The opportunity for tech metal mining in Cornwall is significant,” Cornish Metals chief operating officer, Owen Mihalop, said in the release accompanying a report by the UK government on mining investment opportunities in Cornwall.
“At our South Crofty site we’re primarily focused on tin – the forgotten foot soldier of the high-tech world – which is used in absolutely everything that we need for our modern lives, from mobile phones, robotics and computing to power generation and storage.”