Redmoor-Results Expand Modelled Orebody

Summary by AI BETAClose X

Strategic Minerals PLC has announced positive drill results from its Redmoor Tungsten-Tin-Copper Project, with drillholes CRD038 and CRD040 confirming the presence of Sheeted Vein System (SVS) mineralisation within the previously untested Redmoor Exploration Target, expanding the modelled orebody. Notably, CRD038 intersected 18.80m at 0.38% WO3, 0.15% Sn, and 0.32% Cu, with high-grade intervals including 0.70m at 5.49% WO3. CRD040 provided positive twinning results, reinforcing historical data and potentially reducing future drilling requirements. These findings are expected to positively impact the forthcoming Mineral Resource Estimate update and support the company's view of Redmoor as a high-grade undeveloped tungsten resource.

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