Extractive Industries

Caerus starts drilling for resource ahead of schedule at Troulli

Caerus Mineral Resources plc started diamond drilling one month head of schedule to define mineral resource at the Troulli project in Cyprus.

Resource: diamond drilling will begin after scout drilling is completed, at Troulli, Cyprus (Caerus Mineral Resources)

DRILL PROGRAMMES

The diamond drill rig arrived in the country almost a month early and was transferred to the project site on 17 September before drilling began on 20 September.

Hard rock samples will be collected and delivered to Jubilee Metals Group for further detailed mineralogical test work.

Caerus said it would use the diamond and scout drill rigs to run two drill programmes in parallel.

The low-cost scout drill data allows the company to define broadly legitimate targets ahead of the more costly diamond drilling and the definition of potential mineral resources

Diamond drilling will initially focus on sulphide mineralisation in the former Troulli open pit, extensions of the pit, the high-grade gold oxide zone and underlying sulphide mineralisation.

SCOUT DRILLING

Scout drilling will test the 1.5km long structure that might link the Troulli deposit with the Kokkinapetra deposit.

It will also test the 32,000m2 surface area covered by gold oxide mineralisation at Kokkinapetra and test for underlying sulphide mineralisation.

Once scout drilling is completed, the rig will relocate to other priority targets and delineate mineralisation before diamond drilling begins.

The rig will drill out a variety of resources and targets provisionally defined by the recent scout drilling programme.

It will also provide high quality fresh samples for further mineralogical test work by Jubilee.

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