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Further drill intersections on the Evlim target
Further drill intersections on the Evlim target.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 5978S\n Chesterfield Resources PLC\n 10 July 2020\n \n \n \n \n Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n \n \n \n \n 10 July 2020\n \n \n Chesterfield Resources Plc \n \n \n Further drill intersections on the Evlim target\n \n \n \n \n \n Chesterfield Resources plc is pleased to announce that following the re-commencement of percussion drilling at its Troodos West licence area, it has encountered two further signficant intersections of sulphide mineralisation at its Evlim target during step-out drilling. \n \n \n The percussion holes were drilled to search for sulphides and final target definition prior to diamond drilling. At the first step-out hole sulphides were encountered from approximately 84 m to 123m, while at the second hole sulphides were encountered from approximately 120m to 150m. This follows 40m interestions of sulphides at a hole on Evlim announced on July 1, 2020. The two holes were stepped-out approximately 100m and 140m respectively to the west of the original hole. \n \n \n Percussion drilling is regarded by the company as the final phase of test work prior to more accurate diamond drilling for core samples. Percussion drilling is an efficient tool to help map the sub-surface and detect the presence of sulphide deposits. However the drill crushes mineral-bearing rocks, while rock chips can fall down the hole and contaminate samples. Therefore the Board of Chesterfield Resources cautions that intersection widths are approximate only and that the company is unable to provide information regarding mineral grade. \n \n \n The Evlim target was developed using a combination of mapping, soil sampling, archive data from the 1980s and part of our IP geophysics programme run last year. The company has developed an extensive list of up to 30 VMS (Volcanogenic Massive Sulphide) targets within a 5km radius. These are shallow targets of up around 200m underground, which, in places can be related to historical mine workings.\n \n \n Martin French, Executive Chairman said \"We have now drilled three holes on the Evlim target and all have returned strong intersections at the anticipated depths, which is very encouraging. This is useful as we now know where to position the diamond drill with a higher level of confidence of intersecting deposits in order...