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Investegate |Caerus Mineral Res. Announcements | Caerus Mineral Res.: Exploration Update


 
 
Caerus Mineral Resources, the exploration and resource development company focused on developing mineral resources in Europe to supply the global Clean Energy drive,
is pleased to provide Shareholders with an update on the exploration work carried out in Cyprus.
 
 
Drilling began on 14 April ahead of schedule and will continue until a systematic grid of drillholes has been completed over the N. Mathiatis dumps. The dumps, estimated to be over 4 million tonnes of material, are being drilled to test for copper and gold mineralisation remaining following the historic mining of the N. Mathiatis pyrite orebody.
 
Dumps located around the rim of the former open pit already display visible copper oxides in various locations together with copper sulphate leachate emanating from the base in some areas. The drilling programme is designed to broadly define areas within the dumps that contain copper minera ....

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