Caerus Mineral Resources plc and its joint venture partner Bezant Resources plc said they planned to expand the Troulli copper project in Cyprus. The project is a strategic hub comprising the Troulli, Anglisides and Kokkinopetra licences. ANGLISIDES Anglisides lies near Troulli and is a potential satellite resource from which ore could be fed into any […]
Tag: Cyprus
Chesterfield to drill further at Westland trend
Chesterfield Resources plc said it had started planning additional drilling on the Westline gold system and further exploration on the Limni South gold oxide project in Cyprus. CAMPAIGN The company’s field geologists are also planning a methodical mapping and sampling campaign. This will test the prospectivity of “several promising licence blocks” on the company’s 95km2 holding.
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 […]
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 […]
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 signs JV for copper-gold licences in Cyprus
Caerus Mineral Resources plc has signed a joint venture agreement with Bezant Resources plc covering the Troulli, Kokkinapetra and Anglisides copper-gold licences in Cyprus. TERMS The JV began with immediate effect with Bezant’s financial contribution backdated from the start of diamond drilling at Troulli on 16 September 2021. The companies had committed an initial sum of […]