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