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.
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.”