The Gold Mine Project is a licensed mining project located in Erzurum Province, northeastern Turkey. Discovered in 2010 and granted an operating license in 2017, the project represents a compelling early-stage development opportunity with strong geological potential across multiple metals. The asset is positioned within a mining-friendly jurisdiction with established infrastructure and access to export routes via the Black Sea.
Investment Highlights
Fully Licensed Asset
- Mining operating license granted and active since 2017
- Regulatory approvals secured, including EIA confirmation
Strong Geological Potential
- Gold grades of 3.48 – 3.58 g/t confirmed by official analysis
- Economic viability typically achievable from ~1 g/t
Multi-Metal Upside
- Presence of gold, silver, copper, lead, and zinc
- Potential for diversified revenue streams
JORC-Based Exploration Work Completed
- Independent geological and geophysical study completed (2019)
- Identified high-potential zones and recommended drilling targets
Strategic Location
- Located in Erzurum Province with:
- Road access
- Proximity to Hopa Port (90 km) for export
- Nearby airports (Erzurum, Trabzon, Kars)
- Access to electricity, water, and telecommunications
Large Land Package
- Total area: 1,500 hectares
Market Context
- Turkey produces approximately 30 tonnes of gold annually
- Domestic demand is around 200 tonnes per year, indicating supply gap
- Estimated national reserves: ~4,700 tonnes
Development Opportunity
- Transition from exploration to drilling and resource definition
- Significant upside through further geological work
- Opportunity to establish a mid-scale mining operation
