6th Nov 2026 14:43
Strategic Minerals PLC- London-based mineral producer - Says its subsidiary Cornwall Resources Ltd drilled over 7,500 metres across 13 drillholes as part of the resource infill drilling programme at its Redmoor tungsten-copper-tin project in Cornwall. Says the programme is advancing on time, within budget and is "delivering excellent results". Says 728 samples from 4 drillholes are currently being analysed by an external laboratory, while a further 155 are in transit to the facility. At one of the drillholes, it found copper and tungsten mineralisation in the underlying granite for the first time, below the currently identified high-grade zones. Further drilling and assay results will determine whether this could increase the resource's potential. All completed drillholes hit the expected mineralised system, with visible signs of tungsten, copper and tin mineralisation identified.
Cornwall Resources Exploration Manager Rowan Thorne says: "Drilling at Redmoor is continuing at pace, with positive early results and good indications from visual core logging of continued mineralisation. Drillholes completed to date have all achieved their planned aims, intersecting the sheeted vein system, and its modelled high-grade zones. Beyond this, drilling continues to identify additional mineralisation potential at Redmoor, with evidence that mineralisation may extend beyond the limits of the current geological model."
Current stock price: 4.74 pence, down 3.2% in London
12-month change: more than doubled from 1.70p
By Camilla Borri, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Strategic Minerals