The Çakmaktepe Mine (50% SSRM owned) is located approximately 5 km from the existing Çöpler Gold Mine infrastructure and the Çakmaktepe ore is being processed through the existing Çöpler facilities. Mining operations commenced in September 2018 and production of Çakmaktepe phase one oxide ore was completed in 2019. As a result of the very successful phase one of mining of oxide ore at Çakmaktepe, an additional exploration program commenced in the Çakmaktepe permitted mining area, with two diamond drill rigs currently testing targets. The aim of this short exploration program is to fast track phase two from areas of Çakmaktepe which are already permitted and ready for mining.
- Mineral Reserves: Probable Mineral Reserves of 1.3 million tonnes at an average grade of 2.13 g/t or 91,000 ounces of contained gold, as at December 31, 2019.
- Potential for mine life extension: Indicated Mineral Resources of 2.0 million tonnes at an average grade of 1.93 g/t or 127,000 ounces of contained gold. Inferred Mineral Resources of 1.7 million tonnes at an average grade of 0.88 g/t or 47,000 ounces of contained gold. Mineral Resources are as at December 31, 2019. Mineral Resources are inclusive of Mineral Reserves.
Mineral Resources are reported inclusive of Mineral Reserves. Please refer to our Mineral Reserves and Resources Table.
This page contains forward-looking statements. Please see the following link: Legal.