RE: Polymetal owns 20%, wow!!6 Dec 2022 08:51
KEY TAKEAWAYS from Podcast
*Chesterfield Resources has just finished drilling
at their Cyprus resource.
*Polymetal International, the gold specialists,
backed them in November 2020.
I*n July, they purchased a big copper exploration
project in Labrador, Canada, and partnered with
*Altius Minerals to explore it.
Most big mining companies want to get
exposed to copper and many are doing so by
buying into exploration companies.
The Canadian site is a sedimentary basin.
Geology typically results in good yields.
There are already around 250 copper shows on
the surface, so it is clearly heavily mineralised.
VYet, due to it being isolated very little drilling
has taken place, to date.
VTheir first meeting with the Inuit First Nations
Grand Chief, Etienne Rich went well.
The Canadian brokers have responded well to
their offering
Having Dr. Neil O Brien on board is paying
dividends. He is well known and respected in the
industry.
Bottlenecks at the assay labs are causing
problems.
In Cyprus, exploration of the Limni South
dumpsite is yielding good results, so they are
looking to put together a gold oxide project.
They plan to roll out IR programs in London,
then Toronto. Followed by a secondary listing in 2022