Exploration teams from the Nicosia-based mining company Venus Minerals have found more gold, silver, copper and zinc deposits in the continued work on their Magellan Project in the Northern Troodos.
The company, which is working with its investor UK AIM-listed Ariana Resources has found in its New Sha field a combined resource of 9.5 million tons with a high percentage of copper, and with significant additional potential for precious-metals and zinc, Venus Minerals said in a statement released on Monday. This complements the company’s previous finds at its Kokkinoyia and Klirou targets, located nearby.