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Gold deposits confirmed in Kokkinoyia
October 7, 2021
A series of exploratory drilling at Kokkinoyia, a mining area near Mitsero in the Nicosia district, has led to the confirmation of gold deposits in all drill holes, identifying the deposits as a mixture of copper, gold and zinc.
The exploratory drilling at Kokkinoyia is part of the Magellan Project, conducted by Venus Minerals, a mining company seeking to explore and develop copper and gold assets on the island.