Chesterfield Resources plc has applied for new licences while recent diamond drill holes intersected further mineralisation at the company’s copper project in Cyprus.
LICENCES
The four additional mineral exploration licences, targeting copper and gold, total a further 9.29 km² containing known mineralisation.
The areas include “significant historic exploration, together with under-explored target areas” said the company.
The licences include Mansoura (4.05km²) located 18km NE of the Troodos West permits; Perapedhi, an eastward extension of Chesterfield’s Discovery South permit areas; Agrelloti (2.19km²) lies 24km south of Nicosia within the Troodos East project area; and Philani (0.83km²) located 1.5km from the historic Kambia Mines.
Chesterfield plans to progress exploration and create new targets for next season’s work.
INTERSECTIONS
Executive chairman Martin French said that the diamond drill programme would continue after intercepting encouraging mineralisation in a number of holes that indicated a potential extension of a previously drilled system.
“While these intersections have yet to be assayed, they are at a similar style and depth to known grade.
“We are hopeful that they could form a continuous deposit, which is still open along strike.”
Chesterfield is also focused on the newly acquired large exploration project in Labrador, Canada in addition to its existing project in Cyprus.