Strongbow Exploration to Acquire South Crofty Tin Project

Strongbow Exploration (TSXV:SBW) announced on Thursday that it would acquire the South Crofty Tin project and associated mineral rights in Cornwall, UK.
As quoted in the press release:

• South Crofty has an active mine permit valid until 2071, subject to certain planning conditions being addressed.
• The mine permission area includes 26 former producing mines.
• Some of the tin lodes have been mined over a strike length of approximately 4km, and from surface to a depth of 1km. The lodes remain open along strike and to depth.
• Existing mine infrastructure that is potentially useable includes 4 vertical shafts with a combined depth of 2,940m.
• An area has been set aside for construction of a new process plant, if and when required.
• A new National Instrument (“NI”) 43-101 Mineral Resource Estimate is pending.

Strongbow president and CEO, Richard Williams, said:

Cornwall is a world class tin district with a rich mining history spanning over 400 years, and South Crofty is one of the best known past producing mines in the district. We believe that South Crofty represents one of the best tin opportunities currently available globally. Strong support for new mine development locally, and in the UK in general, is demonstrated by the recent start-up of the Drakelands tungsten-tin mine, owned by Wolf Minerals and located in the neighbouring county of Devon, the development of Dalradian Resources’ Curraghinalt gold project in Northern Ireland, and Sirius Minerals’ York Potash project in North Yorkshire. We view these developments as extremely positive for the potential future re-development of South Crofty. We are very pleased to announce today’s acquisition, which fits into our objective of acquiring high quality mining assets in the strategic metals space.

Click here for the full press release.