RNS14 Aug 2025 07:25
First hole looking very good and second one nearly finished..... all on track!
Strategic Minerals plc (AIM: SML; USOTC: SMCDF), an international mineral exploration and production company, is pleased to provide the following corporate and operational updates.
Redmoor Critical Minerals Project
First drillhole achieved all expectations including notable mineralised intersections
The fully funded and permitted exploration drilling programme being carried out by Cornwall Resources Limited ("CRL") at the Redmoor Tungsten-Tin-Copper Project ("Redmoor") is progressing well, with the first borehole CRD033 completed to 600.4m, and the second borehole CRD034b in progress with over 550m downhole drilled, and a further c.150m to drill.
CRD033, unique within the programme, will be sampled from top to bottom as part of cross-correlating structures and mineralisation to a historical twinned borehole. To date the top 300m of the borehole has been cut and sampled, and samples are scheduled for shipment for analysis by ALS Loughrea, Ireland (see Figure 1). The second 300.4m of samples, which contains the bulk of the mineralised zones within this borehole, will follow in due course. Analysis results from CRD033 are currently expected to be released in September 2025.
Following completion of the three boreholes located at the current drilling pad, on Redmoor Road in Kelly Bray, Callington, the rig will move to the second drilling pad. It is planned for an additional rig to join the programme for up to a further three months, to support the completion of the programme in December 2025.