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AMT Geophysics Survey Identifies Mineralisation
AMT Geophysics Survey Identifies Mineralisation.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1981F\n Chesterfield Resources PLC\n 13 November 2020\n \n \n \n \n Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n \n \n \n \n 13 November 2020\n \n \n Chesterfield Resources Plc\n \n \n AMT Geophysics survey identifies mineralisation\n \n \n \n \n \n Chesterfield Resources plc is pleased to announce that it has received preliminary results from its AMT (Audio-magnetotellurics) geophysics survey (announced on 1st September 2020) on its licence areas in Cyprus. \n \n \n \n \n Highlights\n \n \n · \n Five AMT geophysics surveys were completed during September and October, covering a total of 2.6\n \n Km\n \n \n \n 2 \n . Preliminary results have now been assessed.\n \n \n \n · \n \n The survey correctly identified known deposits, while current diamond drilling has successfully encountered fresh mineralisation in several holes vectored by the AMT.\n \n \n \n \n · \n The strong results of the programme have led to it being extended from Troodos West to Troodos North. The AMT survey has provided strong indications of potential extensions to a high-grade historic mine at Agrokipia.\n \n \n \n \n \n Martin French, Executive Chairman said \n \"We are very pleased with the results of the AMT survey programme and as a consequence decided to expand it at both Troodos West and to Troodos North. Not only did the survey identify areas where we knew mineralisation to exist, but it has successfully vectored our diamond drill onto new areas of sulphide mineralisation. It has also provided us with new targets for our next drill campaign planned for the spring, when we also expect to commission further extensive AMT surveys over additional sectors of our licence areas.\"\n \n \n \n \n \n A total of five surveys were conducted by a specialist sub-contractor over a total of 2.6 Km\n \n 2\n \n . The survey areas were selected on the basis of comparing the results with known geology, including sulphide mineralisation identified during the percussion drilling campaign, as well as priority areas for the current phase of diamond drilling. The company's technical team had determined that AMT was likely to be the most cost-effective method of identifying massive sulphide targets at our project. The technology has been proven as an effective target de...