Metals & Minerals News

Chesterfield identifies Troodos West 12km trend

Chesterfield Resources plc said it had identified further significant gold-rich and polymetallic mineralisation in a 12km geological trend at its Troodos West project in Cyprus.

Focus: Chesterfield will conduct major exploration along the Westline Trend to identify more targets (Chesterfield Resources)

WESTLAND TREND

The company added that its 2,078m diamond drilling in late 2021 had notably enhanced the prospectivity at three target areas of Orchard, Evlim and Evlim South.

Assay results had also established a 12km geological trend extending from the historic Limni mine in the northwest, through the Evlim and Orchard target areas, to the Westline target area in the southeast.

Chesterfield considers this ‘Westland Trend’ as key to controlling several mineralised systems, with the potential for further discoveries along the structure.

The Westline Trend will be the focus of Chesterfield’s 2022 exploration campaign due to start very shortly.

ORCHARD

The company discovered the zone of gold-rich polymetallic semi-massive sulphide mineralisation within a broader zone of gold-silver-copper-zinc mineralisation at the Orchard target.

Chesterfield said that mineralisation remained open in all directions.

EVLIM

Drilling at Evlim and Evlim South targeted an extension to the gold mineralisation intercepted in the 2018 and 2020 drilling.

The results indicate that the near surface gold mineralisation continues out to the west, south and southwest at depth.

A summary of the best intercepts in each of the five target areas along the Westline Trend is as follows:

TargetHole IDFrom(m)To(m)Interval(m)Au(g/t)Ag(g/t)Cu(%)Zn(%)CuEq1(%)AuEq1(g/t)
Orchard21OR01172.35196.4024.051.695.850.111.481.732.82
including185.50191.205.702.276.320.425.994.056.58
Westline21WL0398.70120.1021.401.7519.970.080.401.462.37
including100.20103.503.306.5590.350.110.284.948.04
Evlim20EV03147.90159.5011.602.538.940.650.972.634.28
Evloimeni18EV028.7538.5529.801.102.750.280.071.001.63
Evlim South21EV0759.0073.0014.001.1210.350.080.781.131.84
Depths are reported as downhole values. (1) Assumptions in USD for the Cu and Au equivalent calculations were metal prices of Au @ $1897 /oz, Ag @ $23.97 /oz, Cu @ $4.50 /lb, Zn @ $1.64 /lb. Recovery assumed to be 100% as no metallurgical test data is available (Caerus Minerals)

PROGRAMME

Chesterfield plans detailed fieldwork and further step-out drilling to test for an extension to the polymetallic and gold mineralisation and to identify further targets on the Westline Trend.

Chief executive Martin French added that the the company had an “excellent suite of results” from the 2021 diamond drill programme.

“Our operations team will be arriving back in Cyprus in two week’s time and there will now be a major exploration focus along the Westline Trend to identify more targets further linking the five identified by the 2021 campaign.”