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    Celeste Copper Files Ni 43-101 Report Pursuant to Cornish Minerals Limited Acquisition and Announces Proposed $10 Million Financing

    Investing News Network
    Jul. 15, 2011 07:23AM PST
    Industrial Metals

    Celeste Copper Corporation (CVE:C) reports it may acquire up to a 100% interest in Cornish Minerals Ltd.

    Celeste Copper Corporation  (TSXV:C) reports it may acquire up to a 100%  interest in Cornish Minerals Ltd.

    The press release is quoted as saying,

    A summary of the in situ classified inferred resource for the project, using a tin (Sn) equivalent economic cut-off of 0.30%, is estimated at approximately 1,331,000 inferred tonnes of  0.44% Sn, 1.08% Cu and 0.66% Zn, this estimate conforms to the CIM Mineral Resource and Mineral Reserve definitions referred to in National Instrument 43-101 and the standards of Disclosure for Mineral Projects.

    Celeste’s President and CEO, Denis Clement says,

    This mining district has a very long and significant mining history and we believe this project will help to once again bring tin mining to the forefront in this Region.

    For the complete press release, click here.

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