Chesterfield Resources plc announced it is to acquire 100% of a belt-scale copper exploration project, named Adeline, in the Labrador region of eastern Canada. The company, which is exploring for copper in Cyprus, said its objective was to be a leading copper exploration and resource development company to help supply the global demand for electrification. Adeline covers […]
Tag: Chesterfield Resources plc
Chesterfield identifies new high priority ‘Olive’ target
Chesterfield Resources plc said it had confirmed a high priority drill target from the discovery of a large new anomaly at its copper-gold-zinc-silver project in western Cyprus. The target, which the miner has named Olive, is a buried anomaly similar to the nearby historic Limni mine, which is recorded to have yielded 90,000 tons of […]
Chesterfield trebles cash reserves
Chesterfield Resources plc reported that its cash position trebled last year while pre-tax losses rose for its copper-gold-zinc-silver assets in Cyprus. In its annual report and financial statement for the year ended 31 December 2020, the group reported cash of £2,438,856 (2019: £748,596) with pre-tax losses of £871,261 (£536,121). In June 2020, the group added […]
Chesterfield starts percussion drilling in Cyprus
Chesterfield Resources plc announced that it had started percussion drilling as part of its 2021 enlarged and integrated base and precious metals exploration campaign in Cyprus. Following a diamond drill programme at the end of 2020, the miner is exploring for further deposits of copper, gold, zinc and silver with a current focus on its […]
Chesterfield starts 2021 exploration in Cyprus
Chesterfield Resources plc announced it had started its 2021 exploration campaign for additional tonnage of base and precious metals in Cyprus. The company’s enlarged and integrated 2021 campaign has begun with a gravity survey on five main target areas, with approximately 800 survey points planned over 5 km2. An AMT survey will cover three main […]