Cornish Metals reports further high-grade tin mineralisation from South Crofty 2020 Drill Programme

Cornish Metals Inc. is pleased to report the second set of results from its diamond drilling programme at the South Crofty Mine, Cornwall, UK.

HIGHLIGHTS

• SDD20-001 was drilled to test multiple tin-bearing vein-like structures (“lodes”) in the central section of South Crofty Mine.
• This intercept is a “step out” from Intermediate Lode and is not included in the current resource. This intersect is 110m below any historic mining on this lode.

A summary of results received to date from SDD20-001 are tabulated below:

• For context, the Renison Bell underground tin mine in Tasmania mined an average grade of 1.32% tin in 2019.

Additional lode structures with visible tin mineralisation have been intersected deeper in hole SDD20-001, the results for which will be released as assays are received and tabulated.

Richard Williams, CEO, stated “The Intermediate Lode structure was predicted by our geological team to be in this area but such a high-grade intersection so far beneath the old mine workings was not anticipated, it does reinforce the exploration potential at South Crofty and our ability to find economic structures within areas of the mine that have been previously overlooked.”

The historic South Crofty mine was a high-grade copper producer from the late 16^th century up until the mid-19^th century, when it transitioned to being a high-grade tin producer, with more than 100,000 tonnes of tin metal produced between 1906 and 1998. The project benefits from an active 50 year mine permit, planning permission to build new surface processing facilities, environmental permits to dewater the mine, and very strong local and national support to see the mine reopened.