Listed on the Main Board of the London Stock Exchange
Chesterfield Resources is a copper focussed resource exploration company with licences in Cyprus where it has been operating since 2017. Chesterfield aims to build upon its recent successes on a group of three licence areas that are clustered together in the West Troodos area of Cyprus called the Westline Trend. These areas have a history of positive drill results announced most recently in late 2021 and early 2022.
At Westline, this recent work produced some long polymetallic intersections with consistently elevated gold shows, indicating potential for a for a larger nearby copper-zinc massive sulphide deposit with the target open in all directions. At Orchard, which has a history small scale trial mining in the 1950s, drilling in 2018 and 2021 encountered semi-massive sulphides.
Chesterfield is also a stakeholder in two highly prospective Canadian exploration projects in Newfoundland and Labrador through the shareholding it has in Sterling Metals (SAG.V), a listed Canadian explorer. Sterling is advancing its 100% owned polymetallic Sail Pond Project and the copper prospective Adeline Project which it has optioned for cash and shares from Chesterfield.
Cyprus is regarded as a prospective copper-zinc-gold-silver exploration location. It is a member of the EU, and its legal system is based on English common law. Chesterfield identified a value-creative exploration opportunity due to minimal exploration activity on the island in the last 48 years since the invasion by Turkey in 1974 that put a halt to what had been a very active mining industry.
While copper is the main exploration target, it is noteworthy that gold was not historically exploited in Cyprus. Gold has been encountered in several locations in the exploration target area and is an important part of the exploration objective.
The company announced high grade polymetallic results from its 2020 drilling campaign and embarked in 2021 on an enlarged integrated geophysics, percussion and diamond drilling exploration campaign.
Chesterfield Resources is committed to world-class environmental standards in all of its operations that are focused on the exploration for copper, which is an essential metal to developing clean technology projects worldwide.
The Westline Trend
Recent drilling has identified a pronounced geological trend that controls several mineralised systems
