TIDMCHF
RNS Number : 0006W
Chesterfield Resources PLC
20 April 2021
Chesterfield Resources Plc / EPIC: CHF / Market: LSE / Sector:
Mining
20 April 2021
Chesterfield announces new investor presentation
-- Presentation "Growth through Exploration and Acquisition" launched on the company website
-- Investor Webinar presentation on Thursday at 1pm, 22 April 2021
The company will be hosting a webinar on Thursday, April 22 at
1pm to talk investors through the new presentation which is posted
on the company website, and answer questions. The webinar is open
to everyone, we expect it to take around one hour. Please click the
link below:
You are invited to a Zoom webinar.
When: Apr 22, 2021, 1:00 PM London
Please click the link below to join the webinar:
https://zoom.us/j/95901661385?pwd=WHJ3eEVDKy9FQnNJY3lIK094Qnkydz09
Passcode: 159517
Or One tap mobile :
US: +13126266799,,95901661385#,,,,*159517# or
+13462487799,,95901661385#,,,,*159517#
Or Telephone:
Dial (for higher quality, dial a number based on your current
location):
US: +1 312 626 6799 or +1 346 248 7799 or +1 408 638 0968 or +1
646 876 9923 or +1 669 900 6833 or +1 253 215 8782 or +1 301 715
8592
Webinar ID: 959 0166 1385
Passcode: 159517
International numbers available: https://zoom.us/u/alMzNgWwx
About Chesterfield Resources
Chesterfield Resources is a copper, gold, zinc, silver
exploration company active in Cyprus, where it holds the largest
mineral exploration licence area of any operator on the island.
Polymetal International, the FTSE100 mining group, recently
announced it had taken a 23% strategic investment in Chesterfield
via a placing of new shares, and has appointed a director to the
board.
Cyprus is regarded as a high quality exploration location. It is
a member of the EU, and its legal system is based on English common
law. An opportunity exists because there has been minimal
exploration activity on the island in the last 46 years since the
invasion by Turkey in 1974 put a halt to what had been a very
active mining industry.
Since that time, exploration technology and geological knowledge
has improved significantly. The company is exploring for VMS
(Volcanognic Massive Sulphide) deposits, which typically occur in
stacks and clusters. Historically only those deposits which were
visible from surface have been mined. It is believed that many more
deposits remain undiscovered buried near surface, and the company
is using modern techniques to locate them.
While copper is the main exploration target, it is noteworthy
that gold was not historically exploited in Cyprus as its price was
pegged to just $35 per ounce when the mining industry was active in
the 1960s and 1970s (less than 50 times today's price). Gold has
been encountered in several locations in the exploration target
area and is an important part of the exploration objective.
The exploration team is led by senior geologists: Neil O'Brien,
formally Head of Exploration, Lundin Mining, Dave Cliff, previously
Head of Exploration Europe, Rio Tinto, and Mike Parker who
previously worked for First Quantum mining for 20 years.
The current focus of exploration is in the Troodos West group of
licences belonging to the company, with around 30 defined targets
in an area measuring 10km by 10km. The objective is to discover
several VMS deposits in close proximity to each other to create a
mining project with a centralised processing unit.
The company announced high grade results from its late season
2020 drilling campaign. These will be used for targeting an
enlarged integrated 2021 geophysics, percussion and diamond
drilling exploration campaign, which has just commenced. The
company is also appraising new business opportunities within the
sector.
Chesterfield Resources is committed to world-class environmental
standards in all of its operations to mine copper, which is
essential to developing clean technology projects worldwide. The
company hopes to develop
industry and opportunities for the benefit of the Republic of Cyprus.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
**ENDS**
For further information, please visit
www.chesterfieldresourcesplc.com or contact:
Chesterfield Resources plc:
Martin French, Executive Chairman Tel: +44(0) 7901 552277
Panmure Gordon (UK) Limited Tel: +44 (0)207 886 2500
(Joint Broker):
John Prior & Hugh Rich
Fox-Davies Capital Limited (Broker):
Daniel Fox-Davies Tel: +44 ( 0)20 3884 8450
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END
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