29th Mar 2021 19:18
Caerus Mineral Resources PLC - European-focused exploration and development company - Commences dump evaluation drilling programme which will start the N Mathiatis copper-gold project in Cyprus.
The programme is designed to identify copper and gold mineralisation within the dumps generated by historic mining on the company's licences, starting with the former high-grade pyrite copper-gold deposit.
Preparation has started on-site, with drilling expected to start once the site can receive the drill rig, which is expected to be in early April.
"The fact that the company is commencing drilling operations only a few weeks after listing reflects the advanced nature of many of our projects located on licences that host more than half of the former producing mines in Cyprus. The multiple resource types we have gives us the flexibility and the confidence to commit early to resource estimation and the building of shareholder value through a growing copper-gold inventory," notes Chief Executive Officer Martyn Churchouse.
Current stock price: 12.18 pence, down 6.4% on Monday
By Dayo Laniyan; [email protected]
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