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 […]
Tag: Cyprus
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. […]
Caerus starts drilling for resource ahead of schedule at Troulli
Caerus Mineral Resources plc started diamond drilling one month head of schedule to define mineral resource at the Troulli project in Cyprus. DRILL PROGRAMMES The diamond drill rig arrived in the country almost a month early and was transferred to the project site on 17 September before drilling began on 20 September. Hard rock samples will […]
Caerus agrees Troulli JV and review of Cyprus projects
Caerus Mineral Resources plc said that the Troulli copper project in Cyprus had been selected for a joint venture with Bezant Resources plc. TROULLI The two companies will hold site meetings during the first two weeks of September to review the project comprising the Troulli, Kokkinapetra and Anglisides licences. The partners will also agree a programme for diamond drilling […]
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, […]