EXPLORATION & DEVELOPMENT

Cornish hits silver at United Downs

AIM-listed Cornish Metals has discovered silver at its United Downs copper-tin project in Cornwall.

Cornish Metals South Crofty mine located in Cornwall, United Kingdom

Cornish Metals South Crofty mine located in Cornwall, United Kingdom

Highlights from one hole drilled to a depth of 260.24m that intersected two zones of high-grade mineralisation included: a 2.61m wide lower mineralised intersection - averaging 5.2% copper, 1.3% tin and 77g/t silver.
 
"The confirmation of silver in the system adds to the potential for the area," said chief executive Richard Williams. 
 
The explorer is also awaiting assay results from four additional holes that intersected similar mineralised zones and another hole that intersected a new zone of mineralisation between 204-209.6m, containing native copper. The zone is approximately 100m above the target depth of the lithium lode and could represent a completely new target, the company believes.
 
"The United Downs project has numerous additional targets that we will be testing throughout the course of this year, including the downdip extension of the historic Mount Wellington Mine, which operated until 1978, and a further lode to the south of Mount Wellington, which was discovered in the 1970s but never followed up after the mine closed," Williams added.
 
Drilling at United Downs so far has tested 200m of a strike extent within the potentially 900m long target zone. 
 
Cornish shares rose 2.1% at Tuesday lunchtime to 14.5p versus the previous day's close, valuing the company at just over £38 million.

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.