Property Abroad
Blog
Gold prospecting is underway at 61 sites in South Cyprus.

Gold prospecting is underway at 61 sites in South Cyprus.

Gold prospecting is underway at 61 sites in South Cyprus.
Gold prospecting is underway at 61 sites in South Cyprus.

Search work continues in South Cyprus to discover gold deposits, which, according to Politis newspaper, cover an area of about 142 square kilometers.

According to data obtained from the mining services, 61 gold prospecting licenses are now active and 15 applications are being processed.

According to official figures, 189 kilograms of gold were discovered in South Cyprus between 2017 and 2020, which was taken abroad for further processing in special plants. The newspaper noted that the value of this gold on the market reaches 11 million euros.

The newspaper also reported that there are five companies in South Cyprus that have permission to discover gold deposits.

Recommended real estate
Buy in Cyprus for 239000€

Sale villa in Protaras 258 082 $

2 Bedrooms

2 Bathrooms

96 м²

Buy in Cyprus for 830000€

Sale cottage in Paphos with sea view 896 269 $

3 Bedrooms

4 Bathrooms

153 м²

Buy in Cyprus for 230500€

Sale loft in Esentepe with sea view 248 903 $

2 Bedrooms

2 Bathrooms

75 м²

Buy in Cyprus for 66000€

Sale flat in Famagusta with mountain view 71 269 $

1 Bedroom

1 Bathroom

66 м²

Buy in Cyprus for 67700€

Sale flat in Esentepe with sea view 73 105 $

1 Bedroom

1 Bathroom

50 м²

Buy in Cyprus for 116300€

Sale townhouse in Lapta with sea view 125 585 $

3 Bedrooms

2 Bathrooms

140 м²

The company Hellenic''Copper Mines' operates in the Skouriotis area, 'Easter Mediterranean Resources' operates in the areas of Mitsero, Agrokipia, Klirou and Politiko, 'Kimon Enterprises' operates in the area of Kellia (Larnaca-Limassol), while 'Katla Exploration' and 'Treasure Development' are exploring in the Greek sector of Nicosia and Bafa respectively.

Comment