Caerus Mineral Resources: Opportunity in name, opportunity in nature

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  • Caerus Mineral Resources reports strong results from due diligence drilling at Troulli
  • Caerus Mineral Resources owns 14 of Cyprus’s 27 historic copper mines, and may now be adding gold into the mix too
  • Caerus Mineral Resources team up with Jubilee Metals for ‘potentially transformational deal’
Caerus Mineral Resources: Opportunity in name, opportunity in nature

Quick facts: Caerus Mineral Resources Plc

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Caerus Mineral Resources was established to pursue mineral resource projects in Europe, its current focus is on copper-gold opportunities in Cyprus.

Its ambition is to generate value for all stakeholders through the discovery, development and production of copper-gold mineral resources.

The company takes its name from Greek mythology, in which Caerus is the personification of opportunity.

14 Jun 2021

() is continuing with due diligence drilling on the recently acquired Troulli project and results so far have significantly exceeded expectations.

Eight vertical percussion holes were completed, and all holes intersected significant gold and/or copper mineralisation. The results indicate the presence of a robust and potentially significant oxide gold and volcanic massive sulphide copper-gold deposit located on the site of a former small-scale mine.

Volcanic massive sulphide mineralisation was found to be present at the base of every hole drilled, while the surface oxide gold zone remains open in all directions.

Among the highlights were 12 metres at 5.11 grams per tonne gold and 22 metres at 1.93 grams.

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11 Jun 2021

() completed the acquisition of PR Ploutonic Resources Ltd, adding three advanced copper-gold exploration licences in the Republic of Cyprus.

The licences – Troulli, Kokkinapetra and St. Nicholas – each host clear evidence of historic production and all three properties have excellent potential for discovery of further high-grade VMS copper-gold and epithermal gold deposits, the company said in a statement.

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17 May 2021

() has completed 24 of a planned 39 drill holes at its North Mathiatis copper-bearing waste stockpiles in Cyprus.

Full completion of the programme is expected by the end of May 2021.

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05 Mar 2021

The extraction of copper on the island of Cyprus goes right back to the beginnings of recorded time. Indeed, it’s thought that the island itself is named after an ancient word for copper. And, even if that isn’t true, what is true is that Cyprus gave its name to the Roman word for copper, cuprum, from whence derives our present-day English word.

No surprises, then, that a company like Caerus Mineral Resources Ltd would go on the hunt for copper in Cyprus.

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04 May 2021

‘s () Martyn Churchouse talks to Proactive London about their ‘potentially transformational deal’ with Jubilee Metals PLC ().

The deal entails a six-month exclusive period to assess all of Caerus’ surface-based mining waste and tailings assets in Cyprus with a view to converting them into one or more joint ventures.

Jubilee will investigate and assess the remnant ore and multiple waste stockpiles from the 16 mines that operated historically on Caerus’ concessions, including those of the recently acquired PR Ploutonic Resources Ltd.

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