Tavsan Project

Tavsan
Project

The Tavşan Gold Project is located in western Turkey and owned by Zenit Madencilik San. ve Tic. A.S. which is a three-way partnership operating in Turkey between Ariana (23.5%), Proccea Construction Co. (23.5%) and Ozaltin Holding A.S (53%). The project received a positive Environmental Impact Assessment during 2021 and is currently completing permitting with the intention of developing the site to become the second joint venture gold mining operation in early 2023.

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commodities:

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2020 Resource:

6.6Mt @1.44g/t Au
307,000 oz Au

EIA received:

2021

read latest information

Scoping Study:

Completed

processing:

Heap-leach

Planned Annual Production:

30,000oz Au

Resource Estimate

Classification   Grade Metal Content
 Tonnage (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz)
Measured 3,080,100 1.56  5.07  154,280 501,880
Indicated 2,255,100 1.41  5.47  101,950 396,450
Inferred 1,297,500 1.23  5.36  51,380 223,710
TOTAL 6,632,700 1.44  5.26  307,610 1,122,040

 


Resource Estimate table for Tavsan (JV): November 2022.
Note: Summary 2022 Tavşan JORC 2012 compliant Mineral Resource Estimate. Reporting is based on a 1.5 g/t Au cut-off grade for high grade domains and a 0.7 g/t Au cut-off grade for all other domains. Resource estimate dated November 2022. Figures in the table may not sum precisely due to rounding.

Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues may materially affect the estimate of Mineral Resources. Ariana are not aware of any material barrier to eventual economic extraction.