20th Oct 2025 12:30
(Alliance News) - Strategic Minerals PLC on Monday shared positive drill results from its Redmoor mine, operated by wholly-owned subsidiary Cornwall Resources Ltd.
The London-based mineral producer operating in the UK, US and Australia said it understands Redmoor "to be the highest-grade undeveloped tungsten resource in Europe." It is also a tin and copper prospect.
Strategic Minerals shares rose 2.9% to 0.90 pence on Monday afternoon in London.
Cornwall Resources has drilled a further three holes since its September drilling update, with a fourth drill hole commencing on Monday. All three intersected the logged full thickness of the Redmoor system, " with veining and visible mineralisation consistent with the high-grade Redmoor deposit," the company said.
The mining company has logged initial findings and selected samples to analyse. Metallurgical studies are in progress to determine ore sorting amenability and processing flow sheet design, with Cornwall Resources expected to publish an updated mineral resource estimate in the first quarter of 2026.
"We are pleased to announce that drill hole CRD037, the first drill hole to test CRL's exploration target, intersected veins consistent with [sheet vein system] style mineralisation and a similar vein morphology as those previously drilled at Redmoor, further validating the exploration model and potential for resource growth," commented Cornwall Resources Managing Director Dennis Rowland.
So far the company has reviewed 3,661.7 metres of drill core from Redmoor, and last week noted "exceptional" early results for tungsten at hole CRD033.
Futher work is planned at Redmoor, which has UK government funding.
By Holly Munks, Alliance News reporter
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