Welcome to Cambridge Mineral Resources
Cambridge Mineral Resources Plc is a junior mining exploration and development company founded in 1992. Our main focus is the Iberian Pyrite Belt in southern Spain where we are investigating the Masa Valverde copper-zinc deposit near Huelva in conjunction with a major mining and commodity trading group. We are also evaluating a number of other mining projects in Andalucia.
The Chairman's Blog
Chairman's blog 17 October 2014
Since my last blog, work has continued at Masa Valverde. The geophysical and related work has taken longer than planned but that is time well spent in order to maximize the efficiency of the drilling to follow. Our partners Glencore are currently finalizing infrastructure arrangements necessary for drill rigs to be able to move on to site in the next few weeks. Masa Valverde is a very large polymetallic deposit in the Iberian Pyrite belt, and we are expecting to learn more about the extent of the ore body, and the mineralization from the drilling programme due to start in the very near future
At our other concessions in Huelva province, our technical team has been developing our knowledge base on these properties whilst we await the issuance of our drilling permits. CMR has high hopes that these concessions, all of which are 100% attributable to our company, will prove to have attractive ore bodies. We plan to commence drilling at one location very shortly, and other concessions are being evaluated by our consultants.
It remains our firm intention to seek to refloat CMR, and to achieve this the company has been advised that our Masa Valverde interest, together with a satisfactory formal resource report one of our separate concessions will be necessary. Consequently once we receive satisfactory drilling results on one or more of our Huelva projects we will be commencing the process towards floatation.
In the meantime please visit our website for information, news and updates.
We held our Annual General Meeting yesterday. All resolutions were duly passed. There was a very interesting Q&A session afterwards in which I and the other directors were asked a wide range of questions covering the Company’s history and current developments and we were able to discuss some matters in detail and get useful feedback from shareholders.
17 October 2014