LONDON (Alliance News) - Chesterfield Resources PLC on Friday announced the appointment of geologist Michael Parker as its new chief operating officer.
Parker joins from First Quantum Minerals Ltd, where he spent 20 years, acting in senior country manager positions and also playing "a key role" in two copper discoveries.
"Mike brings a tremendous amount of experience in exploration and management from his long career at First Quantum Minerals," said Chesterfield Executive Chair Martin French.
"Most importantly, he has experience in making large discoveries. Mike has already been working with Chesterfield over the past three months on a Project Management basis helping to expand our copper exploration programme in Cyprus," French continued.
"During this time Mike has become very confident in our prospects, which has attracted him to take a permanent role. The company has been encouraged by its early drilling results and so has made the decision to significantly enlarge its exploration programme in Cyprus."
Shares were 20% higher on Friday at a price of 4.80 pence each.
Chesterfield R. (CHF)