The geology of Cyprus is dominated by the Troodos Ophiolite Complex which forms the Troodos Mountains.
The most important rocks within the Complex in terms of mineral production and potential are the volcanics or more specifically the highly prospective Lower and Upper Basalt Pillow Lavas. These basalts and underlying Basal Gabbro unit have produced more than 75 Mt of copper ore.
The Troodos Complex is a large fragment of relict ocean floor and crust that like most ophiolite sequences hosts Volcanic Massive Sulphide (VMS) deposits. The licences held by Caerus contain multiple styles of VMS-type base metal and gold mineralisation that have either been partially mined or remain unexplored using modern exploration techniques.
Caerus has commenced exploration in Cyprus and will evaluate its’ three main projects simultaneously.
The company currently holds 9 exploration licences covering a total area of 31.55km2. There are three priority projects.
