RE: cmrs4 Oct 2022 12:53
There are obviously some issues to work through with bzt but, despite the 'rant' in the caerus RNS, there are plenty of positives for the Troulli project if it goes ahead as planned....(extracts from their RNS below)
*Troulli's maiden resource estimate of 4.9 million tonnes at 0.41% copper and 0.2g/t gold for 20,000 tonnes of copper and 31,000 ounces of gold
*operationally the first half of 2022 has seen good progress at the main project Troulli, a brown field copper-gold deposit in the southeast of Cyprus.
*Following 3,393m metres of drilling in 4Q21 and early 1Q22, Troulli's Maiden Resource Estimate was published in April. This was an excellent effort, given that drilling began as recently as September 2021 and is a testament to the hard work of the in-country operations team, Cypriot and junior expatriate geologists supported by service providers from Europe and the UK, as well as the Mines Service Department of Cyprus
* The mineralisation logged is consistent with the previous drilling and is dominated by disseminated sulphides and veinlets.
*Management maintains its belief that Troulli is one of the best copper-gold projects in Cyprus and the most likely to become an operating mine.
Who would have believed that you could buy shares in bzt at sub 0.06p yesterday (mcap a measly £3M!). Hope-Gorob remains the asset with most potential for shareholders here....