John Peters, managing director, said the assays from ten of the 14 holes drilled so far suggest a better (and easier) mining prospect may be the high-grade zones within the sheeted vein system rather than following lodes.
A second phase of drilling is now planned that will see a further three to six holes by the end of the year with the aim of a resource update early in 2018.
Reviewing 1980’s drilling results had also identified 31 significant intercepts within SVS high-grade zones, Strategic Minerals added.
Cornwall Resources Limited (CRL) is carrying out the work at Redmoor, which has tungsten potential as well as tin.
CRL is a joint venture between Strategic and NAE, which has committed £150,000 to the phase 2 drill programme.
Assay results from the holes drilled so far included 14.8m at 1% tin at a depth of 246m and 28.2m at 0.81% from 299m.
Tin prices have stabilised recently, while tungsten is rising rapidly.
Shares were down 0.35% to 2.29p late in Thursday trading.
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