Chesterfield Resources plc said it planned to surrender some of its Cyprus licences over the next six months to reduce unnecessary spending and potential shareholder dilution. COSTS The company added it would continue to advance its “most highly prospective” retained Westline and Orchard core assets. Chesterfield will reduce its Cyprus portfolio from 26 licences covering […]
Tag: Westline Trend – West Troodos – 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.