Strategic Minerals PLC - London-based miner with projects in New Mexico, South Australia and the UK - Says wholly owned subsidiary Cornwall Resources Ltd has completed all field activities at the Deep Digital Cornwall (DDC) project. Outputs include analytical data for 2,184 soil samples and a "highly detailed" ground gravity survey. Expects data to increase CRL's understanding of the larger licence area's prospectivity, and highlight potential target areas for future exploration. Analysis is ongoing, including targeting soil anomalies for further testing, field verification and indoor sampling. Company says soil sample results provide validation of the mineral prospectivity map announced in September.
Executive Director Peter Wale says: "At this stage we believe that the outputs have provided valuable information which helps us reinforce our understanding of our existing resource and mineral rights. This has resulted in another step in de-risking the project, whilst demonstrating there is much more left to discover."
Current stock price: 0.11 pence, down 3.6% on Friday around midday
12-month change: down 61%
By Emma Curzon, Alliance News reporter
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Strategic Minerals (SML)