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Strategic Minerals PLC (AIM:SML,OTC:SMCDF) executive director Peter Wale and Dennis Rowland, projectmanager at subsidiary Cornwall Resources, join Proactive's StephenGunnion with news of a groundbreaking mineral rights deal with theDuchy of Cornwall, marking a first of its kind in modern times.
The agreement enhances the prospects formining in Cornwall, expanding Cornwall Resources'' mineralrights by four times and covering a wide range of minerals includingtin, tungsten, copper, and silver.
Rowland, with a background in geology and extensive experiencein mining exploration and development, detailed ongoing projects andthe strategic importance of the new mineral rights agreement.
He highlighted Cornwall Resources'Redmoor project, known for its significant tungsten and copperresources, alongside the potential for further exploration and miningin the region.
The agreement,facilitating access to over 60 kilometres of licence areas adjacent toRedmoor, opens up opportunities for exploration in highly prospectiveareas with a history of productive mining.
The next steps involve detailed geologicalstudies and potential drilling programs to assess the mineralizationpotential. Furthermore, the company is progressing with a SharedProsperity Fund grant application to support its initiatives.
Wale also noted that Strategic Minerals ispreparing for additional drilling and exploration activities,leveraging the cash flow from its Cobre operations in New Mexico tofund these projects.
The engagement with stakeholders andcommitment to environmental and sustainability standards areemphasized, alongside the anticipation of increased news flow anddevelopments in the coming months.
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