Caerus Mineral Resources plc reported high grade gold assays made for a target ready to drill at its Kambia – Kapedes copper-gold project in Cyprus. KAMBIA The Kambia mine operated between 1952 and 1960 primarily as a pyrite mine and the Kokkinovounaros (Red Hill) auriferous gossan was discovered and mined for a short time during the 1930s. […]
Tag: waste-to-revenue
Caerus ‘very encouraged’ by Kalavasos results
Caerus Mineral Resources plc reported results of residual gold in dumps and in new targets at the Kalavasos project licences in Cyprus. KALAVASOS The project consists of five Kalavasos licences and the Pano Lefkara and Layia licences. The area includes several abandoned mines including Platies, associated waste dumps and exposed gossans. Caerus said that widespread ancient […]
Caerus notes consistent anomalous gold assays at Mala
Caerus Mineral Resources plc said hand augur drilling and pitting had returned consistently anomalous gold assay results from the Mala pyrite dump in Cyprus. MALA The gold-bearing pyrite dump is a consolidated mass difficult to penetrate due to the high pyrite content. Caerus’ exploration team excavated a hand dug pit followed by hand auger drilling from […]
Caerus results indicate new Troulli mineralised zone
Caerus Mineral Resources plc said that recent drill results indicated an extension to copper-gold mineralisation at the Troulli project in Cyprus. PLANT DESIGN The company and its joint venture partner Bezant Resources plc received assays for eight out of ten recently completed drillholes. Caerus highlighted hole TRDD030 intersection of high-grade copper – gold mineralisation over a “notable […]
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 […]