Chesterfield Resources (CHF)

Sector:

Alternative Investment Instruments

0.44p
   
  • Change Today:
    -0.038p
  • 52 Week High: 1.25
  • 52 Week Low: 0.40
  • Currency: UK Pounds
  • Shares Issued: 130.33m
  • Volume: 7,927
  • Market Cap: £0.57m
  • RiskGrade: 402

Chesterfield signs drilling contract for Troodos West

By Josh White

Date: Wednesday 05 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Chesterfield Resources announced the signing of a diamond drilling contract with GEOPS Bolkan on Wednesday.
The London-listed company said the drilling programme would include a minimum of 4,000 metres of diamond drilling on its Troodos West properties in the Republic of Cyprus, to explore primarily for copper and gold.

It said mobilisation had started, with drilling expected to begin by the end of September.

The board claimed the Cyprus Mines Service, the Department of Forests, the Water Development Department and local communities were "supportive" of its work programme.

Drilling would start at the Evloimeni prospect at Troodos West, before moving to adjacent targets.

Chesterfield explained that a review of historic data at Evloimeni highlighted the existence of Cyprus-type volcanic sulphide copper-gold-zinc-silver mineralisation.

It said new interpretation of airborne and ground geophysical data was underway, adding that an office was being established in Cyprus, and a local geological team being recruited.

"We are very pleased to be commencing our drill programme in Cyprus, following our recent £2m financing," said Chesterfield executive chairman Martin French.

"The seven contiguous targets at Troodos West are highly prospective with evidence of mineralisation at surface, numerous historic mines, workings, drill holes and geophysical surveys.

"Permitting is proceeding at our Troodos North and Troodos East projects, which will add a considerable number of new brownfield targets to our drilling campaign."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CHF Market Data

Currency UK Pounds
Share Price 0.44p
Change Today -0.038p
% Change -7.89 %
52 Week High 1.25
52 Week Low 0.40
Volume 7,927
Shares Issued 130.33m
Market Cap £0.57m
RiskGrade 402

CHF Star Ratings

Compare performance with the sector and the market.
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Value
75.07% above the market average75.07% above the market average75.07% above the market average75.07% above the market average75.07% above the market average
64.29% above the sector average64.29% above the sector average64.29% above the sector average64.29% above the sector average64.29% above the sector average
Price Trend
88.11% below the market average88.11% below the market average88.11% below the market average88.11% below the market average88.11% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average
Income Not Available
Growth Not Available

CHF Dividends

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12:55 4,742 @ 0.43p
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