Approximately 500 km SE of Ankara, the Hasançelebi high-sulphidation epithermal gold-silver project hosts stratigraphically-controlled mineralization over a strike length of approx. 7 km.
Drilling to date has demonstrated the potential for low-grade, high-tonnage, near-surface gold mineralisation extending over a distance of between 1,000 metres and 2,000 metres, and vertical continuity of the system confirmed down to 300 metres in some areas. Best results include 16.05 metres averaging 0.45 g/t Au and 15.75 metres averaging 0.28 g/t Au. Two holes were also drilled into a new prospect (Karakaya Tepe) near the eastern end of the main Hasançelebi system, believed to be an iron oxide-copper-gold occurrence. The two best intersections returned were from hole HCD-11 - 28.00 metres averaging 0.30 g/t Au and 40.80 metres averaging 0.69 g/t Au.
Negotiations are currently underway with a third party that has expressed interest in the project.