Caerus Mineral Resources plc has signed a binding and exclusive option agreement with Bezant Resources plc to develop copper and gold-bearing hard rock resources within Caerus’ portfolio. Bezant will have 18 months to assess the merits and economic prospects of all Caerus’s unexploited hard rock mining assets. It will also be allowed to identify one or […]
Tag: Caerus Mineral Resources plc
Caerus sells Black Pine nickel-cobalt project for £500,000
Caerus Mineral Resources plc has sold its non-core Black Pine nickel-cobalt project and associated licences for £500,000 to Aeramentum Resources Pty Ltd. PROJECT Caerus said that the four Black Pine licences, comprising nickel, cobalt and copper, had no exploration expenditure budgeted in the near future. The company added that although nickel-cobalt were essential battery metals, they were not […]
Caerus starts to build Cu-Au mineral resource at Troulli
Caerus Mineral Resources has started Phase II drilling programme aimed to build a mineral resource at the copper-gold project in the Troulli licence, Cyprus. The company plans to expand the coverage over the high-grade epithermal gold zone and target the underlying copper-gold sulphide mineralisation. TWO-STEP PROGRAMME Caerus is drilling two volcanogenic massive sulphide (VMS) bodies to […]
Caerus-Jubilee to pilot copper-gold sampling in Cyprus
Caerus Mineral Resources plc and Jubilee Metals Group plc have committed to an immediate pilot copper-gold sampling and investigation programme in Cyprus. The programme, to be managed on site by Caerus using Jubilee protocols, aims to make up for time lost due to Covid-related travel restrictions. Laboratory mineralogical and metallurgical studies will be followed by a […]
Caerus to acquire further copper-gold licences in Cyprus
Caerus Mineral Resources plc has extended its copper-gold portfolio by signing a heads of terms agreement to acquire for £300,000 Cyprus Gold Mines Ltd (CGML). CGML, currently known as P. Von-de-Tsianos Gold Mines Ltd (PVTGM), is a Cypriot-registered exploration and mining company with three advanced copper-gold exploration properties. Caerus said that each property had a mining history […]
Caerus drill exceeds copper-gold expectations at Troulli
Caerus Mineral Resources plc announced that results from a preliminary drill programme had “significantly exceeded expectations” at its recently acquired Troulli licence, Cyprus. The miner added that all holes intersected “significant gold and/or copper mineralisation” at the former small-scale mine. Eight completed holes indicated robust and potentially significant oxide gold and volcanogenic massive sulphide (VMS) […]