Dec 21, 2016: Strongbow Closes Final Tranche Of Non-Brokered Pri... (more...)
Nov 28, 2016: Strongbow Raises $1.97 Million in Non-Brokered Pri... (more...)
Nov 17, 2016: Strongbow South Crofty Water Treatment Trials Comm... (more...)
Jul 12, 2016: Strongbow Completes Acquisition of South Crofty Ti... (more...)
Jun 01, 2016: Strongbow files Technical Report and Resource Esti... (more...)
In March 2016, Strongbow entered into an agreement with Galena Special Situations Fund and Tin Shield Production Ltd. to acquire a 100% interest in the Companies and the South Crofty Tin Project.
The closing of the acquisition was announced on July 12, 2016 which gave Strongbow a 100% interest in Western United Mines Ltd. ("WUML") and Cornish Minerals Limited (Bermuda). These two Companies hold the rights to the South Crofty underground mine permission area, plus additional mineral rights over a further 7,500 Ha located in various parts of Cornwall, UK. WUML was placed into administration in 2013 to protect the assets.
The South Crofty Tin Project is located in the towns of Pool, Camborne, and Redruth in the county of Cornwall, South West England, approximately 465km drive west of London.
There has been tin mining in Cornwall since at least 2,300 BC. The South Crofty Project commenced large scale production in the mid 17th century. The mine managed to continue operations until it shut down in 1998 following the tin price collapse of 1984.
Several companies attempted to revive the mine between 2001 and 2013. Significant advances were made, primarily the agreement to secure a site for future mill construction, and the grant of a mining permit which is valid until 2071, subject to certain planning conditions being met. Unfortunately, the timing of the mine permit grant in 2013 coincided with very poor market conditions in the resource sector and the assets were put into administration in 2013.
The mine has seen production from near-surface copper mineralization and deeper tin-only mineralization. The focus for Strongbow will be to evaluate the deeper tin-only mineralization that occurs primarily from a depth of 400m below surface.