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+1 to the above.
the silver disc surrounding the head of the drive side crank arm is press/snap fit to the chainguard - much like the hubcap on an automobile
the tip of a screwdriver blade should be adequate to pop it off
it is common on italian manufactured cycles with a chainguard for the fixed bottom bracket cup to be used as a point of retention
if you lack a fixed cup tool it is possible to inexpensively create a homemade compression type one with a large bolt, nuts and washers from the hardware store
the cup is right hand threaded so you will want to remove it by turning counter-clockwise
the likely manufacturer of the chainguard is the the Mazzucchelli firm
best wishes with your project and please keep us posted on the progress...
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