Mavialtin Porphyry Belt
The Mavialtin Porphyry Belt extends from the newly discovered Ardich gold prospect in the north to Mavidere (previously called Karakartal) in the south. It is approximately 20 km in length and approximately 6 to 7 km in width with numerous areas of mineralization. The mineralized corridor includes the gold copper porphyry prospects of Mavidere, Sarıdere, Aslantepe, and Findiklidere, some with porphyry intrusions at surface.
In February 2020, exploration results were released for 16 diamond drill holes and confirmed and extended the known extent of mineralization in Mavidere, Findiklidere and Aslantepe. The tested porphyries are at or close to surface, with mineralization typical of porphyries and appear to be low in other metals and arsenic.
Exploration and development strategy two-fold:
- Expand known areas of mineralization, while concurrently making new discoveries to economically justify a standalone mine; and/or
- Develop a Mavialtin ‘complex’, smaller deposits processed via central facility
The portion of Mavialtin covered by the Anagold leases is 80% owned by SSR and the portion covered by the Kartaltepe leases is 50% owned by SSR, in each case, through a joint venture with its long-term partner Lidya. SSR also holds a 2% net smelter return for two of the Mavialtin Kartaltepe leases which include Çakmaktepe, Bayramdere, Aslantepe and part of Findiklidere.
This page contains forward-looking statements. Please see the following link: Legal.