Is the Jewel of the Mediterranean about to strike Gold?
“…Exploration is a process, and this news is part of the process. There are so many targets here we would be foolish not to test as many sites as we could. The objective is to get to the point that what we diamond drill is the focal point of future drills…”
Chesterfield Resources PLC listed on the Standard List of the London Stock Exchange in July 2018 when it acquired its assets via a reverse takeover. Since then it has become the largest holder of minerals rights in Cyprus and formed a technical team of very senior geologists from First Quantum, Rio Tinto and Lundin Mining. Its commercial advantage is to use modern technology to explore for metals in ways unavailable to miners in Cyprus previously.
Here, Doc Holiday caught up with Chesterfield Resources MD Mike Parker to learn more about yesterdays news. Chesterfield Resources announced yesterday that it will commence a 2,000 meter diamond drill programme in early September. The first six holes, comprising approximately 1,000m have been identified and are drill ready, with access infrastructure already established. Some of these holes will twin previously drilled percussion holes. The second 1,000m of diamond drill targeting has been kept flexible and will be firmed up after initial diamond drilling, with further percussion drilling where necessary. Another round of seven percussion holes has recently been drilled on three targets, Sliver, Copse West and Reef Cover.
These targets are still considered high-ranking targets and Chesterfield will look at new techniques to test them later on. The next phase of percussion drilling will now be focussed complementing the diamond drill programme…
Hear Doc catch up with Mike Parker by clicking the link below…
The author was not compensated for this interview but does hold shares in the above company