Strongbow Exploration Inc. (TSX-V: SBW)
(“Strongbow” or the “Company”) is pleased to provide an update on
plans to drill test both the South Crofty tin project and the new
United Downs copper-tin discovery in Cornwall, UK.
The Company has entered into a drilling contract
with Priority Drilling of Ireland and drilling has commenced at
South Crofty this week.
South Crofty Drill
Programme
A 2,000m drill programme has been designed to
test the extension of high-grade tin mineralisation beneath the No.
4 and No. 8 Lodes in the central section of the South Crofty mine
complex. One “parent” drill hole and up to three “daughter” holes
(wedged off the “parent” hole) are planned. Historic drilling (18
drill holes in the 1990s) in the target area beneath No. 4 Lode
intersected an average grade of 2.17% Sn over a width of 2.54m. For
context, 2.17% Sn equates to a copper equivalent grade of 6.55% Cu
(using current tin and copper prices (US$ 7.82 / lb and US$2.59 /
lb, respectively).
United Downs Drill
Programme
The Company announced the discovery of
high-grade copper and tin mineralisation at its United Downs
project on April 6, 2020 – 14.69m grading 8.45% Cu, 1.19% Sn and
0.15% Zn (true width not yet established - see news release here).
Permitting is in process with the aim that drill testing will
commence following the completion of the South Crofty drilling.
As announced on April 6, 2020, Cornish Lithium
completed two diamond drill holes at United Downs in their search
for lithium in brines. Prior to the COVID-19 lockdown only a short
section of GWDD-002 was logged and sampled. The Company is now the
process of logging and sampling the remaining drill core from both
GWDD-001 and GWDD-002 and results will be reported in due
course.
BACKGROUND
Strongbow completed the acquisition of the South
Crofty tin project plus additional mineral rights located in
Cornwall, UK, in July, 2016 (see Company news release dated July
12, 2016). The additional mineral rights cover an area of
approximately 15,000 hectares and are scattered throughout
Cornwall. Some of these mineral rights cover old mines that were
historically worked for copper, tin, zinc, and tungsten.
In January 2017, the Company announced that it
had entered into an agreement with Cornish Lithium, a private
exploration company, whereby Cornish Lithium was granted the right
to explore Strongbow’s mineral rights in Cornwall for lithium in
brine occurrences (see Company news release dated January 19,
2017).
Cornish Lithium conducted drill testing at
United Downs in late 2019 / early 2020. United Downs is
located approximately 8km east of South Crofty within a densely
mined district, historically referred to as Gwennap.
SOUTH CROFTY PROJECT
The South Crofty project covers the former
producing South Crofty tin mine located in Pool, Cornwall. South
Crofty mine closed in 1998 following over 400 years of continuous
production. Since acquiring the project in 2016, Strongbow has
completed and published maiden NI43-101 compliant mineral resources
for South Crofty using the vast archive of historical production
data and more recent drilling completed between 2007 and 2013. In
2017, Strongbow completed a Preliminary Economic Assessment that
demonstrated the economic viability of re-opening the mine.
Additionally, Strongbow has undertaken extensive pilot-scale water
treatment trials and successfully applied for and received the
necessary environmental permits to abstract, treat and discharge
mine water in order to dewater the mine. Planning permissions for
the operation of the mine and re-development of the surface
facilities have been secured and construction of the water
treatment plant foundations commenced. The dewatering pumps,
variable speed drives and new high-voltage power supply have been
delivered to site and efforts continue to raise the necessary funds
to commence dewatering and continue feasibility
studies.
UNITED DOWNS PROJECT
The United Downs project covers, or is located
immediately adjacent to, four former copper and tin producing
mines: Consolidated Mines and United Mines to the west; and, Mount
Wellington and Wheal Jane Mines to the east. The main mineralised
structures in all four mines trend ENE and dip steeply to the
north. All of the mineralisation exploited historically is related
to either quartz veins or quartz-tourmaline veins hosted within
“killas”, the local name for metasedimentary rocks that overlie
granite intrusions.
At the nearby South Crofty Mine,
copper-tin-zinc-tungsten mineralisation hosted within the killas
passes into tin mineralisation at depth as the mineralised
vein-like structures pass into the underlying granitic host rock.
The same zonation potentially exists at United Downs, where only
the killas-hosted mineralisation has been exploited to date. The
underlying granite, which is a target for further tin
mineralisation, was encountered in GWDD-002 between 300 and 600m
and again at 700m vertical depth.
The nearby Wheal Jane mine was discovered and
developed into a modern mine in the late 1960s, initially by
Consolidated Goldfields, and thereafter by Rio Tinto Zinc.
Mining activities at Wheal Jane ceased in early 1991.
TECHNICAL INFORMATION
The technical information in this news release
has been compiled by Mr. Owen Mihalop. Mr. Mihalop has reviewed and
takes responsibility for the data and geological interpretation.
Mr. Owen Mihalop (MCSM, BSc (Hons), MSc, FGS, MIMMM, CEng) is Chief
Operating Officer for Strongbow Exploration Inc. and has sufficient
experience relevant to the style of mineralisation and type of
deposit under consideration and to the activity which he is
undertaking to qualify as a Competent Person as defined under the
JORC Code (2012) and as a Qualified Person under NI 43-101. Mr.
Mihalop consents to the inclusion in this announcement of the
matters based on his information in the form and context in which
it appears.
For additional information please contact: Irene
Dorsman at (604) 210 8752 or by e-mail at
idorsman@strongbowexploration.com or Sherman Dahl of Pretium
Communications at (250) 558 8340.
Blytheweigh (Financial PR/IR-London) Tel: |
|
+44 207 138 3204 |
|
Tim BlytheCamilla Horsfall |
|
tim.blythe@blytheweigh.com camilla.horsfall@blytheweigh.com |
ON BEHALF OF THE BOARD OF
DIRECTORS
“Richard D. Williams”Richard D. Williams,
P.Geo
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Caution regarding forward looking
statementsThis news release contains "forward-looking
statements" including but not limited to statements with respect to
Strongbow's plan to conduct drill testing at South Crofty and
United Downs. There is no guarantee that Strongbow will be
successful in obtaining the necessary permissions to drill at
United Downs. Further, the timing for a drill programme has
been and might continue to be impacted by the COVID-19 situation
and restrictions related to movement of people In the event
future drilling is conducted there is no guarantee that results
will be of similar nature to those presented in this news
release. Forward-looking statements, while based on
management's best estimates and assumptions, are subject to risks
and uncertainties that may cause actual results to be materially
different from those expressed or implied by such forward-looking
statements, including but not limited to: risks related to receipt
of regulatory approvals, risks related to general economic and
market conditions; risks related to the availability of financing;
the timing and content of upcoming work programs; actual results of
proposed exploration activities; possible variations in Mineral
Resources or grade; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes, title disputes,
claims and limitations on insurance coverage and other risks of the
mining industry; changes in national and local government
regulation of mining operations, tax rules and regulations.
Although Strongbow has attempted to identify important factors that
could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Strongbow undertakes no obligation or responsibility to
update forward-looking statements, except as required by law.
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