157 Aufrufe 157 0 Kommentare 0 Kommentare

    Cornish Metals Commences 2nd Phase of Shaft Refurbishment at the South Crofty Tin Project in Cornwall, United Kingdom - Seite 2

    Ken Armstrong, Interim CEO and Director of Cornish Metals, stated: “The Cornish Metals team continues to progress our work plans, both on site and at the corporate level, as we maintain our focus on advancing the wholly owned and fully permitted South Crofty tin project, in the UK, towards project financing with the aim of commencing production in 2027.”

    NCK Shaft Refurbishment and Mine Dewatering Progressing as Planned

    • Phase 2 of NCK shaft refurbishment has commenced, following the on-schedule installation of a new work platform and main cage modifications (See Figure 1 and Figure 2), providing a safe and stable work platform that will enable faster replacement of the old shaft timbers with new steel buntons and guides;
    • Mine dewatering continues with the submersible pumps operating at a rate of approximately 300 cubic metres per hour and the water treatment plant operating to specifications;
    • The water level is being maintained at approximately 280 metres below surface, as planned, and the pumping rate is in-line with expected rates for this time of year;
    • South Crofty is not hydrologically connected to neighbouring historic mines and natural groundwater inflows are exactly in-line with pre-dewatering predictions, which were modelled using historic dewatering rates, the known volume of underground voids and the groundwater rebound that was measured after the mine closed in 1998;
    • Shaft refurbishment and mine dewatering is anticipated to reach the 195-fathom level (approximately 350 metres below surface) in Q4-2024 and refurbishment of the 195-fathom pump station and installation of permanent pumps is scheduled to be completed in Q1-2025;
    • The Company maintains guidance to complete NCK shaft refurbishment and dewatering of South Crofty Mine to the 400-fathom level (approximately 730 metres below surface) in Q3-2025.

    Wide Formation Exploration Drilling Programme Completed

    • The 14-hole / 9,000 metre drilling programme testing the Wide Formation target, approximately 1,000m south of the South Crofty mine, is now complete;
    • The programme tested the geometry and the continuity of tin mineralisation within the Wide Formation target over an area measuring 2,500m along strike (northeast to southwest) and 800m downdip (north to south);
    • The Wide Formation structure, located parallel to and between the South Crofty mine workings and the historically mined Great Flat lode, was intersected in all drill holes;
    • All samples have been submitted for analysis and final assay results will be reported when available.

    ABOUT CORNISH METALS

    Seite 2 von 5


    Diskutieren Sie über die enthaltenen Werte


    globenewswire
    0 Follower
    Autor folgen

    Verfasst von globenewswire
    Cornish Metals Commences 2nd Phase of Shaft Refurbishment at the South Crofty Tin Project in Cornwall, United Kingdom - Seite 2 VANCOUVER, British Columbia, July 10, 2024 (GLOBE NEWSWIRE) - Cornish Metals Inc. (AIM/TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty …