Chesterfield Resources plc said it had identified further significant gold-rich and polymetallic mineralisation in a 12km geological trend at its Troodos West project in Cyprus. WESTLAND TREND The company added that its 2,078m diamond drilling in late 2021 had notably enhanced the prospectivity at three target areas of Orchard, Evlim and Evlim South. Assay results […]
Tag: Chesterfield Resources plc
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.
Chesterfield raises £700,000 in placing and subscription
Chesterfield Resources plc has raised £700,000 by way of a placing and subscription of 10,000,000 new ordinary shares of 0.1 pence each at 7 pence per share. Each two placing shares will have one warrant attached, exercisable at 12p per ordinary share for the period of 24 months from the date of admission of the placing […]
Chesterfield board member Peter Damouri to step down
Chesterfield Resources plc announced that Peter Damouri will step down from the board. The company said that Mr Damouri had accepted a senior executive function elsewhere. He invested £100,000 in Chesterfield in the latest funding round and will continue to be closely associated with the company as an advisor.
Chesterfield notes positive Adeline assays
Chesterfield Resources plc reported positive copper and silver assay results at its Adeline project in Labrador, eastern Canada. DRILLING The company completed a three-month field programme comprising chip and rock samples from multiple targets. Chesterfield also reported encouraging historical surface sampling results and drill intersections from its six-month desktop and data compilation study. At the […]
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 […]