Chesterfield Resources plc announced that Peter Damouri will step down from the board. The company said that Mr Damouri had accepted a senior executive function elsewhere. He invested £100,000 in Chesterfield in the latest funding round and will continue to be closely associated with the company as an advisor.
Tag: Chesterfield Resources plc
Chesterfield notes positive Adeline assays
Chesterfield Resources plc reported positive copper and silver assay results at its Adeline project in Labrador, eastern Canada. DRILLING The company completed a three-month field programme comprising chip and rock samples from multiple targets. Chesterfield also reported encouraging historical surface sampling results and drill intersections from its six-month desktop and data compilation study. At the […]
Chesterfield finds significant gold mineralised system
Chesterfield Resources plc said that assay returns from recent diamond drilling revealed a significant gold-mineralised system in the Westline target at its Troodos West project in Cyprus. INTERSECTIONS The company added that thick and locally high-grade gold intersections were evidence of a significant gold-enriched mineralised system which so far covered some 220m by 300m and […]
Chesterfield applies for further Cyprus copper licences
Chesterfield Resources plc has applied for new licences while recent diamond drill holes intersected further mineralisation at the company’s copper project in Cyprus. LICENCES The four additional mineral exploration licences, targeting copper and gold, total a further 9.29 km² containing known mineralisation. The areas include “significant historic exploration, together with under-explored target areas” said the company. […]
Chesterfield grants 2.2m options to directors-PDMRs
Chesterfield Resources plc has issued certain directors, employees and consultants with options over a total of 2,200,000 ordinary shares of 0.1p each. INCENTIVE The options will vest immediately and expire five years from the date of issue with an exercise price of 11p. Executive directors Martin French and Ajay Kejriwal received 750,000 and 350,000 options respectively; PDMR […]
Chesterfield extends drilling and exploration
Chesterfield Resources plc said it had extended its drilling and exploration campaign for further testing of gold encounters at its projects in Cyprus. LIMNI SOUTH GOLD The company has also identified a “promising waste dump opportunity” in the Troodos West licence area. Drilling and sampling indicates that it has the potential for an early revenue […]