Tuesday, 31 July 2012

Celeste Copper’s COO featured in West Briton article

Celeste Copper Corp. (CVE:C) reported its chief operating officer was recently interviewed in a West Briton article, the company said Tuesday.

Chris Davie, in the interview, talked about the significance of the South Crofty tin mine to England’s economy.

Davie, who brings more than 40 years’ worth of mining experience, in the article, said the mine has “tremendous potential to reform the South West economy.”

He grew up in Sussex before moving to Cornwall at age 16. After graduating from Camborne School of Mines, he helped design the mill operation at nearby Wheal Jane.

Prior to this, Davie has worked in tin mining in East Africa before working in gold for Canadian and U.S. based mining companies.

On July 5, the company announced "very encouraging" drill results from its on-going program at the South Crofty project in England, including five metres of 0.89% tin equivalent (Sn Eq) in hole DD1132.

Highlights include significant results from holes DD1127 to DD129, holes DD132, 135, 140 to 144, and holes DD1201, 02 and 04, which include results of eight metres at 0.51 per cent Sn Eq, 14.86 metres at 0.51 per cent Sn Eq and 5.78 metres at 0.61 per cent Sn Eq.

Earlier this month Celeste closed a deal to acquire 25 per cent of Cornish Minerals Ltd., the operating subsidiary that controls South Crofty. It has the right to ultimately earn 100 per cent of the company.

It also closed a $2.52 million share placing to support its plans for the mine.

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