Many of the exposed pyrite-copper deposits around the Troodos Mountains in Cyprus have been mined for copper since the earliest Bronze Age. Indeed, the word copper is linked to Cyprus (Latin cupreus). Evidence for ancient mining is widespread with more than 130 slag piles from ancient smelting documented. The largest slag pile was at Skouriotissa and was estimated to be about one million tonnes. Modern mining commenced in Cyprus in the 1920s with more than 74 million tonnes of massive sulphide ore extracted from about 30 deposits in the following 50 years. These deposits were largely exploited for copper and pyrite, but there was some small-scale exploitation of gold and silver. The largest mine in Cyprus was Mavrovouni (Black Mountain) where 16.5 million tonnes at 4.5% copper was officially extracted between 1929 and 1974. Mining across Cyprus mostly ceased when Turkey invaded the northern part of the island in 1974.
Chesterfield Resources has three (3) project areas in Cyprus, comprising seven (7) granted Prospecting Permits and six (6) applications for Prospecting Permits, which are expected to be granted by the end of 2018. The project areas cover abandoned mines, known prospects with exposed mineralisation and other indicators of nearby massive sulphide systems.
Chesterfield’s initial focus is to advance the Troodos West Project where a number of high-priority prospects have already been identified.