Business
Applications more than triple land position
Applications more than triple land position.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6784R Chesterfield Resources PLC 04 March 2019 \n\nChesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n4 March 2019\n \nChesterfield Resources more than triples its land position to 237.61 km2, to make it potentially by far the dominant exploration player in Cyprus\n \nChesterfield Resources Plc (the 'Company') is pleased to announce that it has recently completed the filing of applications over a further 182.96 km2 of mineral exploration licences, taking its entire area of licences granted or under application to 237.61 km2. This more than triples the Company's potential field of exploration coverage in Cyprus. In addition, the Company has been granted two additional exploration permits from its existing bank of applications lodged with the Mine Services department in Cyprus. All of the Company's applications and permits are focused on the highly prospective volcanic belt surrounding the Troodos mountain range and includes numerous identified brownfield targets, waste dumps, as well as prospective greenfield areas. \n \nExploration applications and new permits\n· Applications for an additional 20 mineral exploration permits, covering 186.96km2, have been submitted to the Mine Services department. If granted, these would take the total size of the Company's exploration land package in Cyprus to 237.61 km2.\n· The new licence area submissions are contiguous with the Company's existing land packages on the northern and southern flanks of the Troodos mountain range.\n· As these applications have now been submitted, no other entities can apply for licences over these locations. Chesterfield's land interest in Cyprus is now a multiple of that of any other player in the country.\n· Two more exploration licences were granted to the Company last week, Anglesidhes in Troodos East and Xyliato in Troodos North, which are now permitted for drilling. This in addition to the three licence permits granted last month. The current permitted portfolio now totals 12 licences covering 50.65 km2. The Company has been told to expect a further four licences to be granted in the near future, and a pipeline of more permits over coming months.\no Anglesidhes was in production in the 1930s when 9,836 tons o...