Caerus Mineral Resources provides exploration programme update
Published by Jessica Casey,
Global Mining Review,
Caerus Mineral Resources plc, a European-focused exploration and development company targeting mineral resources to supply the global clean energy transition, has provided an update on its exploration programmes in Cyprus.
Over the past few months, due to its focus on an in-country operations team, the company is well ahead of schedule with compilation and creation of a substantial database and geological information system (GIS) based on records held by the Mines Department of Cyprus and the Geological Survey. With 14 former producing mines on the Caerus licences, there is a sizeable volume of useful historic information to be processed to provide the basis for 3-D modelling and interpretation of the project geology.
Further strong progress has also been made with drone surveys that will eventually cover all areas held under licence. High-resolution photography will complement digitised data by providing an accurate framework for the overlay of newly digitised historic maps and plans to help with detailed geological mapping and future target selection. The surveys have already highlighted an impressive number of surface alteration targets that could be indicative of underlying mineralisation. These new targets will be followed up in due course.
Mineral resource estimations remain central to the company’s short to mid-term strategy along with the building of a resource inventory of copper and gold. Early mineral resource estimates are likely to be based on residual ore associated with former mines, dump material and early-stage resource development that was curtailed in the mid 1970s.
Caerus Minerals CEO, Martyn Churchouse, said: “We have an exciting licence portfolio where the combination of brown and greenfield exploration gives us a diverse range of target types that we can evaluate. Our exploration team is keen to take advantage of having a full complement of geological staff resident in Cyprus and able to commence fieldwork. As the exploration programme unfolds, shareholders can expect feedback and updates on three main project areas or suites of licences: Kalavasos, Mala and N. Mathiatis.”
Read the article online at: https://www.globalminingreview.com/exploration-development/23032021/caerus-mineral-resources-provides-exploration-programme-update/
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