Martin French Executive Chairman of Chesterfield Resources has recently caught up with Sarah Lowther to talk us through the latest announcement from the company. As the gold price has risen by 40%, this has emphasized the importance of finding and developing new gold-rich copper deposits.
The company’s technical team has just completed an evaluation of its Cypriot exploration licences in terms of their potential for gold. Based on numerous gold encounters in the area, the team has concluded that that the company’s Troodos West licenses cover an unusually gold-enriched VMS (volcanogenic massive sulphide) belt, capable of producing a clean gold-rich copper concentrate. As such, gold is likely to be a significant revenue metal contained within copper-zinc sulphide resources.
Chesterfield Resources is a copper-gold exploration and development Company active in Cyprus. The Company strategy is to generate value for shareholders by discovering and developing multiple deposits to production. Chesterfield is in the advanced stage exploration in on its Troodos West licence area, and has a large bank of licence areas elsewhere in Cyprus, either granted or under application.
Martin French of Chesterfield Resources talks to Sarah Lowther here
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The author was remunerated but does not hold shares in the company