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. […]
Tag: Chesterfield Resources plc
Chesterfield grants 2.2m options to directors-PDMRs
Chesterfield Resources plc has issued certain directors, employees and consultants with options over a total of 2,200,000 ordinary shares of 0.1p each. INCENTIVE The options will vest immediately and expire five years from the date of issue with an exercise price of 11p. Executive directors Martin French and Ajay Kejriwal received 750,000 and 350,000 options respectively; PDMR […]
Chesterfield extends drilling and exploration
Chesterfield Resources plc said it had extended its drilling and exploration campaign for further testing of gold encounters at its projects in Cyprus. LIMNI SOUTH GOLD The company has also identified a “promising waste dump opportunity” in the Troodos West licence area. Drilling and sampling indicates that it has the potential for an early revenue […]
Chesterfield raises £800,000 via placing
Chesterfield Resources plc raised £800,000 from a placing of 8,000,000 new ordinary shares with new and existing investors at 10 pence per placing share. The revised figure is an increase from the amount announced last Thursday (1 July) of £750,000. The new ordinary shares will represent 7.8% of the issued ordinary share capital of Chesterfield prior to the […]
Chesterfield to start drilling in Troodos West
Chesterfield Resources plc said it would this week start diamond drilling at its copper-gold-silver-zinc assets in its Troodos West group of licences in Cyprus. The programme is expected to cover approximately 2,000m of drilling. The news follows February‘s announcement that the company had intersected two high grade mineralised zones on two separate targets. SURVEYS Executive […]
Chesterfield more than doubles Adeline
Chesterfield Resources plc said it had exercised the right to acquire a further 672 claims to more than double the size of its Adeline copper project in Labrador, Canada. The initial purchase of 129 km2 from mining royalty company Altius Minerals has now been extended to a district-scale 297km2 (29,725 ha), with a total of 1,189 […]