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Axies Ventures | Copper-Gold Exploration in Cyprus &amp; Canada

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The Kokkinoantonis permit covers the historic Mathiatis Mining Complex open pit and historic dumps located 1.5km from Mathiatis, Cyprus.

The Kokkinoantonis permit is the site of our new copper zone discovery. The project covers the historic Mathiatis Mining Complex open pit and historic dumps located 15km from Nicosia, Cyprus. 

The target is housed within a structurally controlled corridor extending up to 1km to the West and East of the permit with additional gossan outcrops identified from mapping.

This permit offers accessible reprocessing opportunities and near-surface sulphur-rich copper ore mining. Further exploration and drilling are planned to confirm dump estimates and prove deposit continuation at depth within the pit.

Copper-gold stockwork zone to a depth of 166m and beyond including an interval of 0.5% Cu over 72m.

Body remains open at depth and along strike.

Mineralised waste dumps estimated at up to 13.9Mt.

Internal assessment of 450,000t (<4% of the total dump) indicate average grades of 0.3g/t Au and 0.11% Cu.

Rock chip assay results of up to 1.7g/t indicate high-grade zones within dumps.

Internal assessment of less than 4% of the 13.9Mt dump estimates value of up to $25M.

Continued investigation of +12km structural corridor within adjacent permits.

Multiple gossan outcrops and controlling faults identified.

A 10 cm to 1m thick gold-rich sulphide and stockwork body dipping towards the north was mined from 1936 by Cyprus Mining Corporation. Average mined grades have been reported at 24 g/t Au and 95 g/t Ag.

A pyritic copper ore was subsequently mined by the Hellenic Mining Company by opencast methods from 1965 to 1987 with a total of 2.1mt of ore extracted.

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