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, […]
Tag: copper – gold
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) […]
Caerus completes acquisition of PR Ploutonic
Caerus Mineral Resources plc announced it had completed its acquisition of PR Ploutonic Resources Ltd and its three advanced copper-gold exploration licences in Cyprus. The company is paying £750,000 for the licences to be paid in 3,311,258 restricted-trading, new ordinary shares of 0.1p each (consideration shares) each at 22.65p. PRL is registered in the country […]
Power Metal takes next step to Paterson acquisition
Power Metal Resources plc announced it had established a new UK private company for its pending acquisition of copper-gold interests in the eastern Pilbara region of Western Australia. PROJECTS The special acquisition vehicle, FDR UK, will acquire outright First Development Resources (Pty) Ltd (FDR Australia) in the Paterson Province, subject to conditions. The transaction covers […]
Caerus pursues new Cyprus sites
Caerus Mineral Resources plc today announced progress across its copper-gold operations, bulk waste materials project and in its search for new volcanogenic massive sulphide (VMS) opportunities in Cyprus. The company said it was also in advanced discussions over three “highly prospective” copper-gold sites, and one with a new mining licence application under active consideration by […]