LONDON (ShareCast) - (ShareCast News) - Diversified mineral production and development company Strategic Minerals confirmed on Wednesday that Energold Drilling Corporation, the drilling company appointed by Cornwall Resources (CRL), informed CRL that it has commenced drilling at the Redmoor project in Cornwall.
The AIM-traded firm holds a 50% stake in the Redmoor tin and tungsten project.

It said Energold was contracted to undertake a 23-hole drill programme to be completed in two phases.

The aim of the drill programme is to confirm and extend the high grade tin-tungsten resource at Redmoor.

"The commencement of drilling of the 13 hole, phase 1 drilling programme, so quickly after funding, is a testament to the skills of our development team and to the support we have received from the residents of Kelly Bray and Callington, as well as that of the wider Cornwall community," said Strategic Minerals managing director John Peters.

"Phase 1 drilling is expected to be completed in the third quarter of 2017 and it is anticipated that interim lab results from the first few holes will be released in Q3 with a full report expected to be released in Q4 upon completion of lab analysis of all 13 holes.

"Phase 2 of the drilling programme is expected to comprise a further 10 holes and is also planned to be completed this year."

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