Breakthrough in Mining: High-Grade Mineral Discovery at Redmoor Project

Strategic Minerals plc has announced significant advancements in its ongoing exploration at the Redmoor Tungsten-Tin-Copper Project, located in southeast Cornwall. Recent drillhole results have confirmed the presence of high-grade mineralization, marking a pivotal moment for the company and the potential growth of mineral resources in the region.

Positive Drilling Results Unveiled

The recently completed drillhole, designated CRD037, was the first from Pad 3 and successfully intersected a high-priority section of the Exploration Target. The results from this drilling activity have yielded promising discoveries of tungsten, tin, and copper, indicating the continuation of the identified Sheeted Vein System (SVS) in this previously untested area.

Encouraging Mineral Grades and Potential Economic Impact

The assay results from CRD037 highlight a continuous zone of mineralization, notable for its significant width and high grades. The mineralization includes a remarkable 51.30 meters at 0.11% WO3, with higher-grade intervals reaching 2.06% WO3 over 0.85 meters, and substantial quantities of tin and copper also detected. These findings not only reinforce the geological model but also present a compelling case for future development and resource estimation efforts.

Future Possibilities and Company Outlook

Given these positive results, Strategic Minerals is set to advance its resource estimation processes and potential mining operations. The company's Managing Director, Dennis Rowland, emphasized the importance of these discoveries, indicating they provide additional confidence as they prepare for upcoming drilling programs aimed at expanding their mineral resource base.

The successful identification of high-grade zones within the Redmoor Project positions it as a potentially leading source of tungsten, tin, and copper in Europe. This development aligns with the broader goal of not only enhancing local economies but also contributing positively to global supply chains for essential minerals.