Hot Maden (Mariana 30% / Lidya 70%)
From discovery to resource potential in six months, gold-copper mineralisation hosted within brecciated and silicified andesites along the Hot Maden Fault Zone in North Eastern Turkey. Current 10,000 metre drill program in progress, Maiden Mineral Resource estimate completed:
|Indicated Category (100%) – 2.033 M Oz AuEq**
4.71 Mt @ 10 g/t Au & 2.2% Cu for AuEq grade* of 13.4 g/t
|Inferred Category (100%) – 0.968 M Oz AuEq**
3.65 Mt @ 5.5 g/t Au & 1.8% Cu for AuEq grade* of 8.2 g/t
|Total Hot Maden Mineral Resource (100% all categories)
3.0 M Oz AuEq** for AuEq grade* of 11.2 g/t
**& *– for Gold Equivalent (AuEq) grade and ounces definitions please refer Hot Maden Project page.
Las Calandrias District (100%)
Initial 520k oz AuEq resource hosted in rhyolite dome complex, with project & district consolidation & up scaling potential.
Los Cisnes (100%)
Mineralisation in rhyolite dome hosted complex with some bonanza grades on surface. Strategic 60% option over adjacent ground.
Soledad successfully drilled with 3 strongly mineralised quartz tourmaline breccia pipes. Now targeting deeper mineralised root zones and porphyry.
Dona Ines & Exploradora East (50%)
Early stage properties targeting high sulphidation epithermal Au-Ag & Cu porphyries.
Nassau Gold Controlling 40%
Significant Guyana Shield property with current artisanal Au workings, just 20km from the newly announced $1B development of the Merian project by Newmont. Set to produce 300-500K oz Au p.a.
High sulfidation epithermal gold-silver mineralisation near surface, together with potential for the discovery of a porphyry gold-copper system underlying the main lithocap.