Posted onAuthoreditorialComments Off on EGT encouraged by Limni sampling
European Green Transition plc reported “encouraging” results from diligence sampling at its copper tailings recycling option at the past producing Limni mine in western Cyprus.
Work: more sampling and analysis of solar development potential (Pixabay)
PROGRESS
From 68 samples, the company found acid soluble copper ranging from 0.41% to 0.92% in crusts, “clearly” demonstrating the presence of copper in water at surface.
EGT said that the results also indicated potential for gold, with samples of up to 1.48 g/t gold in waste near the edge of the pit.
Chief executive Aiden Lavelle added: “As a next step, we will now progress to the next stage of diligence as part of our 12-month option agreement.
“This will include further rock sampling, water sampling, and analysis of the potential for solar development at the site.”
European Green Transition plc has entered an exclusive 12-month option to acquire a copper tailings recycling project near the past-producing Limni mine near Polis, western Cyprus. Potential: modest initial cash flows within the first 12 months (stock photo) PUMP The open pit mine, approximately 900m long, 400m wide and 200m…
Chesterfield Resources plc said it had started planning additional drilling on the Westline gold system and further exploration on the Limni South gold oxide project in Cyprus. Sampling: Chesterfield will test the prospectivity of several promising licence blocks (Chesterfield Resources) CAMPAIGN The company's field geologists are also planning a methodical…
Chesterfield Resources plc said it had extended its drilling and exploration campaign for further testing of gold encounters at its projects in Cyprus. Visit: Polymetal concluded that the project showed particular promise in gold (Chesterfield Resources - Troodos) LIMNI SOUTH GOLD The company has also identified a "promising waste dump…
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