Exploring TURKEY
gold production at Kišladag is forecast to
˘
be 285,000-295,000 oz. The Efemçukuru
Gold Mine is expected to produce 125,000135,000 oz in 2012.
Empire Mining Corp. [EPC-TSXV]
is conducting a high-resolution, helicopter-borne magnetic and radiometric
geophysical survey over its Bursa licences
in western Turkey to aid regional geological and structural interpretation as well as
to identify extensions to previously idenDECEMBER 2012/JANUARY 2013
tified mineralization and to locate new
exploration targets. The Bursa licences
include the Karapinar copper-porphyry
and Demirtepe high-grade copper-goldsilver-moly skarn projects where First
Quantum Minerals Ltd. [FM-TSX;
FQM-London] can earn an initial 51%
interest by, among other things, completing $8.5-million in exploration
expenditures.
Eurasian Minerals Inc. [EMX-TSXV;
EMXX-NYSE MKT] recently signed an
agreement to regain 100% ownership of
the Akarca gold-silver property in Turkey.
Previously, EMX had signed an agreement under which Centerra could earn up
to a 70% interest in the property under
a joint venture arrangement. Earlier this
year, Centerra earned an initial 50% interest from investing over US $5 million in
drilling, geological mapping, geochemical sampling, and geophysical surveys.
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