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(Sharecast News) - Cornish Metals said on Thursday that the first drillhole from its ongoing Roskear surface drilling programme at the South Crofty tin project in Cornwall had returned positive assay results, including several intercepts outside the current mineral resource estimate.
Highlights included 0.79 metres at 4.18% tin at Roskear 1 South, 0.30 metres at 2.20% tin at Roskear 3 North, and a broader 12.41-metre zone grading 0.43% tin in the Roskear Numbered Zone.
The AIM-traded company said the results supported its geological interpretation and indicated potential for resource growth to the west, subject to further drilling.
Chief geologist Lauren Beveridge said the results confirmed Roskear as "a high-quality exploration target with clear potential to add to our Mineral Resources," with the second hole already well advanced.
At 1601 BST, shares in Cornish Metals were down 0.22% at 112.25p.
Reporting by Josh White for Sharecast.com.
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