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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2024 Resource:

7.7Mt @1.26g/t Au
311,000 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 3,763,300 1.35 4.75 163,500 574,900
Indicated 2,418,300 1.21  4.10  94,000 319,100
Inferred 1,468,500 1.13  4.46  53,400 210,400
TOTAL 7,650,100 1.26  4.49  311,000 1,104,400

 


Note: Summary of March 2024 Tavsan Sector Resources classified and reported in accordance with JORC 2012. Reporting is based on a 1.5 g/t Au cut-off grade for high grade domains and a 0.5 g/t Au cut-off grade for all other domains. All figures are quoted gross with respect to Zenit. Figures in the table may not sum precisely due to rounding.