Caerus Mineral Resources plc has appointed Nigel Chapman as chief operating officer for the company’s Cypriot operations. The company added that the COO role was not a board-level position.
Tag: Caerus Mineral Resources plc
Caerus receives encouraging assays for copper-gold JV in Troulli
Caerus Mineral Resources plc and its joint venture (JV) partner Bezant Resources plc said they had received encouraging assays from dump sampling and drilling at Troulli, Kokkinapetra and Anglisides in Cyprus. TROULLI The company reported that stockpile sampling returned a consistent average copper grade of 1.2% Cu over more than 639 metres of trenching with sections […]
Caerus aims to become miner in 2022 at Troulli
Caerus Mineral Resources plc expects to transform from an explorer to a developer and miner in 2022 as it released drill and trench copper and gold analyses at Troulli in Cyprus. RESULTS The company added that drilling had delineated an economically viable gold oxide zone for near-term development with peak drill intercepts including 1.4g/t Au over […]
Caerus extends agreement with Jubilee for Troulli
Caerus Mineral Resources plc said it ha signed an extension to the option agreement with Jubilee Metals Group plc for the waste-to-revenue Troulli – Kokkinapetra copper-gold project in Cyprus. JOINT VENTURE Caerus said that the extension was for a further 18 months during which it expected to decide on a joint venture (JV) with Jubilee […]
Caerus analyses show high grade Cu mineralisation at Troulli
Caerus Mineral Resources plc’s trenching and sampling of residual metals have revealed “very high grade visible copper mineralisation” at the Troulli project in Cyprus. ANALYSES More than 100 separate XRF* analyses within the Troulli run-of-mine (ROM) stockpile show peak grades from 17.6% Cu to 4.5% Cu, with the average grade achieved to date of 6 […]
Caerus completes acquisition of Cyprus licences
Caerus Mineral Resources plc has completed the acquisition of Gold Mines (Cyprus) Ltd (GMCL) for £300,000. FUNDS The purchase was funded by the recent disposal of the Black Pine nickel-cobalt project and associated licences. NEW LICENCES Caerus said that the three new licences of Anglisides, Pano Lefkara and Layia had a legacy of small-scale mining and host ore stockpiles, […]