Business
Percussion drilling to re-commence
Percussion drilling to re-commence.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 2080T\n Chesterfield Resources PLC\n 16 July 2020\n \n \n \n \n Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n \n \n \n \n 16 July 2020\n \n \n Chesterfield Resources Plc \n \n \n Percussion drilling to re-commence \n \n \n Highlights\n \n \n \n \n \n · \n \n Percussion drilling to recommence after technical review, with several new target areas being made ready for drilling\n \n \n \n \n \n \n · \n \n Planning underway for at least 2,000m of diamond drilling at Evlim and additional targets \n \n \n \n \n \n \n Chesterfield Resources plc is pleased to announce that, following a technical review, it is to re-commence its percussion drilling campaign at its Troodos West licence area. \n The technical team believes that positive results on its first three targets drilled provide \"proof of concept\" for its exploration approach and is now turning its attention to designing a diamond drill programme.\n \n \n \n \n \n Martin French, Executive Chairman said \"We are very pleased with the percussion drill campaign so far, with sulphide mineralisation now encountered at the first three targets, which is better than anticipated. There is now clear evidence that VMS deposits exist sub-surface at multiple locations, and this bodes well for the rest of our percussion campaign. The team has now also started planning for a diamond drill programme.\"\n \n \n \n \n \n The company halted drilling last week after it had encountered significant intersections of sulphide mineralisation at its Evlim target. All three holes drilled encountered approximately 30-40m of sulphide material overa surface distance of approximately 140m. After a technical review, new areas are now being prepared for percussion drilling which include the targets Zakhira, and others in the vicinity of Kinousa. Further holes are being appraised at targets Embayment, Pournaji and the Hillside complex.\n \n \n At Evlim, the company believes that there is now strong evidence of a VMS (volcanogenic massive sulphide) deposit. The next step is to test the target with approximately 1,000m of diamond drilling, both to twin the percussion holes to assay for grade, and to drill further holes to seek extensions to the deposit. The technical team is also currently designing an additional programme of at...