Caerus adds to its Cyprus portfolio
Europe-focused explorer Caerus Mineral Resources on Monday announced an agreement to add to its portfolio in Cyprus, buying a private company that holds copper/gold exploration properties.
The company will buy Cyprus Gold Mines (CGML), a Cypriot-registered exploration and mining company that holds three advanced copper/gold exploration properties, each with a mining history and potential for discovery of further high-grade, copper/gold volcanogenic massive sulphide (VMS) and epithermal gold deposits.
The Anglisides, Pano Lefkara and Layia licences show not only prominent evidence of unmined resources, but also copper/gold-bearing oxide and waste stockpiles on-surface.
Preliminary feasibility studies conducted by CGML for gold recovery from surface waste without the use of cyanide, will be inherited by the company and fast-tracked to feasibility.
The transaction between the company and CGML values the acquisition of CGML's issued shares and its licence assets at £300 000, payable upon completion.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation