- Cornish Metals (TSXV:CUSN:CA) Thursday reported updated Mineral Resource Estimate for South Crofty Mine with a 31.6% increase to contained tin in the Indicated Mineral Resource category for the Lower Mine.
- Outlook: Dewater to 195-fathom level (~360 metres below surface) and refurbish the pump station.
- Progress to the second stage of dewatering of the deeper levels of the mine.
- Advance the South Crofty Feasibility Study: all study components, with the exception of infill drilling, expected to be completed in H1 2024.
- Preliminary Economic Assessment for South Crofty planned before end of H1 2024 to provide interim guidance prior to the publication of the Feasibility Study.
- Complete the 14-hole / 9,000 metre Wide Formation exploration drill programme.
- Richard Williams, CEO and Director of Cornish Metals, stated: “activity levels are expected to remain high through 2024 with more important milestones to be met as we work to further progress the South Crofty project towards a construction decision.”
- Source: Press Release
