Redmoor Tungsten-Tin-Copper Project Resumes Exploration Drilling

Strategic Insights -

A drop-in public information session was held at Callington Town Hall on Monday, June 9, to inform locals about the upcoming resumption of exploration drilling at the Redmoor Tungsten-Tin-Copper Project in Kelly Bray. The drilling program, which will run for six months, aims to assess the quantity of minerals that could be mined at Redmoor and prepare a business case for new investment. This is the third time Cornwall Resources Limited (CRL) has drilled in the Redmoor area since 2017, with a total of 32 bore holes drilled and 14,000 meters of drilling completed so far. The project has the potential to unlock significant new sources of non-Chinese supply of tungsten, a critical mineral with an increasingly important global focus.

Key Takeaways:

  • The Redmoor Tungsten-Tin-Copper Project, located in Kelly Bray, is set to resume exploration drilling after a public information session on June 9.
  • The drilling program will be carried out by Cornwall Resources Limited (CRL) and will run for six months, aiming to assess the quantity of minerals that could be mined at Redmoor.
  • This is the third time CRL has drilled in the Redmoor area since 2017, with 32 bore holes drilled and 14,000 meters of drilling completed so far.
  • The project has the potential to unlock significant new sources of non-Chinese supply of tungsten, a critical mineral with an increasingly important global focus.
  • CRL will be drilling at three locations to explore the sheeted vein system below the surface, which contains tungsten, tin, and copper mineralization.
  • Each hole will be filled back in once drilling is complete, with drilling planned for 12 hours daily from 7am to 7pm.
  • Project manager Dennis Rowland highlighted the significance of Redmoor's potential to unlock significant new sources of non-Chinese supply of tungsten, given the growing global focus on critical minerals and recent increases in tariffs and export restrictions in the USA and China.
  • The drilling program is supported by match-funding from the UK Shared Prosperity Fund, managed through the Cornwall and Isles of Scilly Good Growth Programme.
  • Any potential mining work would need significant private investment and would be situated away from residential areas.

Statistics:

  • A total of 32 bore holes have been drilled at the Redmoor Tungsten-Tin-Copper Project since 2017.
  • 14,000 meters of drilling have been completed at the project so far.
  • Drilling is set to start on Monday, June 23, and will run for six months.
  • Each hole will be filled back in once drilling is complete, with drilling planned for 12 hours daily from 7am to 7pm.
  • The project has the potential to create up to 200 jobs for the local area, according to a previous study carried out by CRL.

Sources:

  • Okehampton Today (https://www.okehampton-today.co.uk/news/valley-fete-brings-people-together-803079)
  • Okehampton Today (https://www.okehampton-today.co.uk/news/tamar-valley-fete-offering-summer-fun-797446)
  • Okehampton Today (https://www.okehampton-today.co.uk/news/gritters-out-as-roads-cant-take-the-heat-805116)
  • Okehampton Today (https://www.okehampton-today.co.uk/news/learning-disability-week-dozens-of-people-with-learning-disabilities-in-devon-locked-up-in-mental-health-hospitals-805103)