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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
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
Description
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
Strong Geological Potential
Multi-Metal Upside
JORC-Based Exploration Work Completed
Strategic Location
Large Land Package
Market Context
Development Opportunity
Basic Details
Target Price:
EUR 16,500,000
Gross Revenue
TBD
EBITDA
TBD
Business ID:
L#20261042
Country
Turkey
Detail
Published on April 29, 2026 at 4:02 pm. Updated on April 29, 2026 at 4:14 pm