Chesterfield Resources Share Discussion Threads

[someuwin] 16/4/2019 07:34

16 April 2019

Chesterfield Resources Plc (the 'Company', 'Chesterfield')

Chesterfield Resources identifies new exploration targets via satellite surveys

Chesterfield Resources Plc, a copper exploration company, is pleased to announce that it has recently completed the processing and interpretation of satellite remote sensing data covering an area of 3,000 km(2) in Cyprus. This has been used to help generate new exploration targets, as well as better define existing ones, as the Company progresses to a new campaign of drilling.

The data was acquired from the Aster and Sentinel 2 satellite platforms. The survey uses both high resolution photography and the non-visible spectrum to analyse alterations in rock structures from space. Sentinel 2, owned by the European Space Agency, is particularly suited to identifying Cyprus-type mineralisation by using specially calibrated sensors. The Company recently more than tripled its mineral right holdings in Cyprus to over 240 km(2) . It has used the satellite survey to quickly narrow down the search areas on this large land package to a number of specific targets.

Chesterfield engaged Fathom Geophysics of Ohio, U.S.A, a company specialising in this field, to interpret the data. The results were then collated with the Company's existing geological databases. These results have helped define and expand targets the Company had already identified, as well as highlighting entirely new areas of exploration potential both within our existing permits and also elsewhere in Cyprus. Consequently, the Company will be applying for additional permit areas to explore these targets.

The Company is also making significant progress on its exploration programme on the ground. Archival data, geochemistry, and geophysics is being combined to help define drill targets for the next drill program.

Executive Chairman Martin French said, "Satellite surveys, described in the industry as 'remote sensing', are a powerful tool to quickly survey large land packages. The interpretation of satellite data is a highly specialised field. It involves recognising faults, fractures and hydrothermally altered rocks from space. This has provided a very effective first sweep of our recently-enlarged land holding. The results have thrown up a considerable number of new target areas that would have taken many months to otherwise identify from field work on the ground. Our team of Cypriot and UK geologists has now started the intensive process of mapping and sampling these new targets. The exploration programme continues apace with several major targets being prioritised for drilling this summer. We will provide more details of these targets and timing of our drill programs, in the coming weeks."

[someuwin] 11/4/2019 11:56

Also good to see it's main market listed, rather than AIM.

[encarter] 11/4/2019 11:46

It seems that they are still looking to raise some cash though.The Company will be presenting its plans at both the 121-mining event in Cape Town next week, as well as the PDAC conference in Toronto in early March. A series of presentations will also be made in the UK as the Company gears-up its operations.

[someuwin] 11/4/2019 11:29

Cash position

The Company's cash position remains strong at GBP1.728m, as of 1 March 2019. The company has sufficient funding for its 2019 programme.

[someuwin] 11/4/2019 11:12

Thread with volume charts.

[someuwin] 11/4/2019 11:11

Website




Excellent presentation (28 April 2020)

[toogood4me] 05/4/2019 16:45

Seems like bottom reached and back up now it goes

[encarter] 27/2/2019 07:58

From recent announcement dated 4th Feb 2019
"The Company has been prudent in its expenditure, and so remains well funded for the continuation of our drill campaign which will be focussed on making a commercial discovery this year."

[john henry] 25/2/2019 17:30

Encarter check out Doc Holidays explanation on Twitter blows Levi to pieces and exposes the correct facts

[encarter] 25/2/2019 16:26

I don't think that you're correct. They got the placing cash 3rd July.

[livewireplus] 15/2/2019 14:01

Seems to be #4 on advfn gainers board without any volume .... pity about the wide spread though ...

[burtond1] 13/2/2019 07:45

At 4.5p Cyprus-focused exploration business, Chesterfield Resources is sitting considerably below its recent 7.5p placing price.We ask whether #CHF could prompt a re-rate in its shares by increasing efforts to make its story known to the retail market.https://total-market-solutions.com/2019/02/13/chesterfield-plc/

[marbill73] 05/2/2019 10:43

Gcm worth a punt

[burtond1] 07/9/2018 12:26

https://total-market-solutions.com/2018/09/07/chesterfield-resources/Fantastic video footage...

[ny boy] 03/7/2018 16:00

What are your share price predictions for this year mr. Bspgamer?

[bspgamer] 03/7/2018 10:12

This company has a bright future the price is below the last placing. Fully funded!!

[mkearns] 10/4/2006 10:11

bit long innit (the last post)?

[mkearns] 13/1/2006 08:39

not quite.

maybe an irregular correction imo

[joe moon] 11/1/2006 12:48

so its down to point A now i tihnk