Sign up Australia
Proactive Investors - Run By Investors For Investors

New Age Exploration to deliver Redmoor tin-tungsten resource update in March quarter

The Redmoor tin-tungsten project is close to infrastructure and existing projects.
Picture of workers at the Redmoor tin-tungsten project
Improved grades from recent drilling results have prompted management to move quickly

New Age Exploration Limited (ASX:NAE) will follow its 2017 exploration campaign at the Redmoor tin-tungsten project located in Cornwall, United Kingdom with a resource update.

This is due for release in the first quarter of 2018, and positive results to date from the project have prompted management to accelerate project development.

Completion of the second phase drilling program during the December quarter confirmed and reinforced the prospectivity of previously reported results.

Recent drilling improves on historical results

Broad high-grade zones were intersected within the Sheeted Vein System (SVS) with considerably higher grades than those delineated in the course of historical drilling.

READ: Strategic Minerals & NAE save the best till last with highest grades yet at Redmoor

The average intersection length and grade of all 33 intercepts from SVS high-grade zones drilled to date has now increased to 15 metres at 1.0% tin equivalent.

Project located in mining friendly district with nearby infrastructure

The Redmoor Tin-Tungsten Project is located between the village of Kelly Bray and the town of Callington in south-east Cornwall, United Kingdom.

It is circa 25 kilometres by road from the city and port of Plymouth, and 40 kilometres from the recently commissioned Hemerdon Tungsten mine and processing plant.

The area has well-established infrastructure and is in the world class Cornwall tin–tungsten–copper mineralised district.

New Age and Strategic Minerals JV hold licence

Cornwall Resources Limited holds a 15-year exploration licence over the Redmoor Tin and Tungsten project in the historic mining district of Cornwall, United Kingdom.

Cornwall Resources is now jointly owned by New Age Exploration and its joint venture partner, Strategic Minerals Plc (LON:SML).

A joint venture transaction was completed in February 2017 with Strategic Minerals with a total of £1.05 million paid by SML for 50% of the Redmoor project.

This earn-in payment has been primarily applied to funding the Redmoor 2017 drilling program. 

View full NAE profile View Profile

New Age Exploration Ltd Timeline

Related Articles

August 02 2018
Shefa Yamim has a highly prospective gemstone project in Israel
July 04 2018
The company’s goal is to be a leader in the battery metals sector, with cleaner cobalt in Australia

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use