Strongbow Exploration Inc. (TSX-V: SBW)
(“Strongbow” or the “Company”) is pleased to report the discovery
of a new zone of high grade copper-tin mineralisation located
between the historic United Mine and Consolidated Mines at
Strongbow’s United Downs exploration project, Cornwall UK. The
discovery was made in drill hole GWDD-002, drilled by Cornish
Lithium. Cornish Lithium has the right to explore Strongbow’s
mineral rights in Cornwall for lithium in brine occurrences while
Strongbow retains the rights to any hard rock mineralisation.
HIGHLIGHTS
- Diamond drill hole GWDD-002 was drilled by Cornish Lithium to
test the potential for lithium in brine at United Downs, within the
historic Gwennap copper and tin mining district;
- Gwennap was the richest copper producing region in Cornwall
(and the world) in the 18th and early 19th centuries, and at that
time was referred to as “the richest square mile on earth”;
- GWDD-002 intersected semi-massive sulphide mineralisation
between 90.60m and 105.29m downhole depth;
- Assays returned 14.69m grading 7.46% Cu, 1.19% Sn, and 0.15% Zn
from 90.60m to 105.29m downhole length;
- Further drilling is required to confirm true width, as well as
the strike and dip of the mineralised zone;
- Three individual sample intervals returned assays greater than
20% Cu – final results for these overlimit assays are pending, and
will be reported when received;
- The semi-massive sulphide mineralisation is similar in style to
that mined at Wheal Jane and Mount Wellington mines, located 1.5km
along strike to the east; and
- Copper grades reflect recorded historical mine production from
United Mines located approximately 200m to the south.
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).
In 2019 Cornish Lithium provided notice of its
intention to conduct diamond drill testing for lithium in brine on
Strongbow’s United Downs mineral rights. United Downs is located
approximately 8km east of South Crofty and lies within a densely
mined district, historically referred to as Gwennap (see location
Map 1). Two diamond drill holes have been completed, for a total
length of 1,858m. See Map 2, which shows the collar locations of
these two diamond drill holes. Results from part of diamond drill
hole GWDD-002 are reported herein. The Company is in the process of
logging and sampling the remaining drill core from both GWDD-001
and GWDD-002, and is applying for a drill permit to drill test the
strike extension of the lode structure intersected in GWDD-002.
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 – see Map 2. 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, due largely to the
Tin Crisis of 1985, but processing of South Crofty ore continued
until March 1998 when ongoing low tin prices forced its eventual
closure.
As part of the intense exploration period that
Cornwall enjoyed between the 1960s and 1985, an underground
exploration drive was developed during the 1980s westwards from
Wheal Jane through Mount Wellington mine at 6 level elevation,
whilst an exploration decline (the Wheal Maid decline) was
developed to explore for tin mineralisation similar in style to
that which was exploited in Mount Wellington and Wheal Jane mines.
This exploration work was stopped after the tin price collapse in
1985, despite the great promise for the discovery of polymetallic
mineralisation.
TECHNICAL INFORMATION
GWDD-002 was drilled by Priority Drilling
Company Ltd using an Epiroc Christensen CT20 Diamond Drill Rig. The
part of the hole in which this intersection was encountered was
drilled in PQ (122.6mm diameter) with a triple tube core barrel to
recover an 83mm diameter drill core. Core recovery was greater than
95%. The core was logged, split and sampled by Strongbow
Exploration personnel. The samples, comprising quarter core, were
sent for assay at ALS Minerals, Lougrea, Ireland. Sample
preparation involved crushing to 70% less than 2mm, riffle split
and pulverised to 85% less than 75 microns. The analytical method
used was X-ray florescence (XRF) following a lithium borate fusion.
Samples were assayed for As, Cu, Fe, Pb, S, Sn, W, and Zn. A
comprehensive Quality Assurance / Quality Control programme using
duplicates and blanks was included within the sampling
programme.
The technical information in this news release
has been compiled on behalf of Strongbow Exploration Inc. by Mr.
Owen Mihalop. Mr. Mihalop has reviewed the data on behalf of
Strongbow Exploration Inc. 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 Blythe |
tim.blythe@blytheweigh.com |
|
Camilla Horsfall |
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 United Downs. There is
no guarantee that Strongbow will be successful in obtaining the
necessary permissions to drill. Further, the timing for a drill
programme is being 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.
The technical information in this news release
has been compiled on behalf of Strongbow Exploration Inc. by Mr.
Owen Mihalop. Mr. Mihalop has reviewed the data on behalf of
Strongbow Exploration Inc. 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.
Additionally, the technical information in this
news release has been reviewed by Mr. Mark Owen. Mr. Owen has
reviewed the data and takes responsibility for the data and
geological interpretation. Mr. Mark Owen (MCSM, BSc (Hons), MSc,
EurGeol, FGS, CGeol) is a Consultant to Strongbow Exploration Inc.
and former Chief Geologist of both Wheal Jane and South Crofty
mines. Mr. Owen 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. Owen consents to the inclusion in this
announcement of the matters based on his information in the form
and context in which it appears.
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