Paphos People

Ariana Resources, a mineral exploration and development company with gold mining interests in Europe and listed on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange (LSE), earlier this month announced an updated Mineral Resource Estimate (MRE) for the Apliki Copper Project in Cyprus.

The mining project in Apiliki involves a formal conditional 50-50 joint venture agreement between Venus Minerals Ltd and Hellenic Apliki Mines Ltd.

Venus Minerals is focused on the exploration and development of copper and gold assets in Cyprus and is 50 per cent owned by Ariana Resources. In addition, Ariana Resources will acquire 50 per cent of Hellenic Apliki Mines.

According to the report, the MRE has been updated to a global Measured, Indicated, and Inferred Resource of approximately 17 megatonnes at a grade of 0.26 per cent to 0.69 per cent of copper extraction (0.34 per cent average) across Apliki, after further detailed assessment and modelling of historic data.

The increase was recorded after the addition of the Apliki Mine Pit Wall Resources for an additional 6.47 megatonnes at 0.32 per cent copper extraction, compared to the original estimates from 2021.

Read more:- https://cyprus-mail.com/2022/08/23/substantial-copper-resource-base-established-in-cyprus/

_________________
Dave
Moira And Dave

“I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.”

dont know where they are digging but i believe at the northern foot of mount Olympos in the neutral zone there are substantial copper deposits