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Kambia - Kapedes Project Update
Kambia - Kapedes Project Update.
About this update from Critical Mineral Resources Plc
[{"type":"text","content":"\n \n \n 10 May 2022\n \n \n Caerus Mineral Resources PLC\n \n \n ('Caerus' or the 'Company')\n \n \n Kambia - Kapedes Project Update\n \n \n Caerus Mineral Resources \n (LON: CMRS)\n , the Cyprus-based exploration and resource development company focused on developing copper-gold mineral resources to support the global \"Clean Energy\" initiative, is pleased to provide an update on exploration activities on the\n Kambia - Kapedes Project Licences in Cyprus.\n \n \n The Kambia mine operated between 1952 and 1960 primarily as a pyrite mine and,\n the Kokkinovounaros (Red Hill) auriferous gossan was discovered and mined for a short time in the 1930's.\n \n \n Highlights\n \n \n ·\n First batch of partial assays (Au only) of chip-channel samples from recent exploration work have returned peak gold assays of 7.4g/t Au, 6.5g/t Au and 5.3g/t Au.\n \n \n ·\n Exploration Team Caerus sampled the Kokkinovounaros auriferous gossan, approx. 600 metre (\"m\") SE of the Kambia Pit indicating a target with a substantial strike length.\n \n \n ·\n A total of 9 samples returned Au grades above 1g/t and a total of 12 samples were above 0.5g/t Au.\n \n \n ·\n Results sufficiently encouraging to warrant further detailed follow up work including detailed structural/geological mapping to generate targets for future drill testing.\n \n \n \n Kambia - Kapedes Exploration Programme\n \n \n \n All sampling to date has been via channel samples collected by hand by means of both vertical and horizontal channels over lengths ranging from 1.0 m to 5.0 m in length.\n \n \n No multi-element assays have yet been returned from the laboratory but are expected soon, providing further detailed information on potential copper and other base metal content.\n \n \n The consistent high-grade gold results occurring over a significant strike length are sufficiently encouraging to warrant further detailed follow-up and the possible initiation of a dedicated exploration programme aimed at the delineation of a stand-alone gold or copper-gold project.\n \n \n The decision regarding the nature and scope of the future work programme will be made by the incoming management team. \n \n \n \n Martyn Churchouse, Chief Executive Officer said\n \n \n \"The combination of high-grade gold assays at regular intervals all along the 175 m strike length of the target d...