Business
Commencement of Geophysics Programme
Commencement of Geophysics Programme.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1384B Chesterfield Resources PLC 05 June 2019 \n\n \nChesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n5 June 2019\n \nChesterfield Resources Plc (the 'Company', 'Chesterfield')\n \nChesterfield Resources commences geophysics programme\n \nChesterfield Resources Plc, the copper exploration company, is pleased to announced that it has commenced an extensive IP geophysical survey on a number of its priority targets in Cyprus. \nThe IP (induced polarisation and resistivity) survey is an underground imaging technique used to identify ore mineralisation occurrences typical of those found in Cyprus. The survey works by transmitting an electric current into the subsurface via electrodes planted into the ground. IP is a well established and effective technique used in mineral exploration, and appropriate to identify Cyprus-type deposits. Chesterfield has spent several months this year engaged in satellite mapping, extensive geochemical sampling, and archival analysis to identify a series of prime target areas. Results from the IP survey will be combined with this work to provide specific drill targets.\nThe IP programme will last around a month and typically involves surveying lines of around 1km long and 100m apart to produce a survey area of approximately 1kmsq on each of several targets. The depth of the survey responses varies due to rock types. In Cyprus, the survey responses may typically be up to 200m below surface.\nSpecific targets in this survey include potential extensions to some of the larger mineralised systems emanating from existing mines and mineral occurrences. Such advanced IP surveys were unavailable to explorers in the 1960s and 1970s when Cyprus was an active mining centre and so gives Chesterfield an advantage in locating previously undiscovered ore bodies. The survey has been contracted to a specialist company from Finland.\nExecutive Chairman Martin French said, \"The IP survey is an important part of our discovery process. It provides a powerful vectoring tool to focus in on drill targets in highly prospective geological terrain, saving both time and cost for the drill campaign. The survey has commenced on a prime target, called Evlim, and has already produced some encouraging initial results, backing up the geologi...