Caerus Mineral Resources has set out its objectives for 2022 on projects it holds jointly with Bezant Resources.
The focus is on the Troulli mine development project in Cyprus, as well as the Kokkinapetra and Anglisides projects, also in Cyprus.
At Troulli resource estimation of metal-bearing surface materials is well-advanced with the majority of known targets having been drilled, trenched and sampled during 2021. A sizeable number of samples have been dispatched for laboratory analysis and results are pending.
New areas of possible mineralised surface material are found weekly and routinely sampled as a possible addition to the Resource inventory.
Hard rock exploration and Resource development is progressing well and a major leap forward in progress can be expected once pending assays results - delayed by covid issues at the laboratory - are received for both copper and gold mineralisation.
Hard rock potential has been targeted in four distinct areas, all of which occur in or around the former open pit.
At Kokkinapetra the opportunity exists to discover a new copper-gold deposit, and a drill programme has been approved and will be implemented during the first quarter of 2022.
At Anglisides recent channel and pit sampling has consistently returned gold grades in excess of two grams per tonne gold and waste dump sampling has returned peak grades of 50.1 grams.
More recent scout drilling by Caerus returned a peak intercept of 0.81 grams Au over 38 metres.
Meanwhile, Jubilee Metals Group PLC is busy completing test work on a wide range of samples predominantly from the Troulli project, with a view to advancing metallurgical knowledge.
Separately, Pano Lefkara is drill-ready and planning for a drill campaign is underway.
St. Nicholas will also be drilled in due course.