- 50% Alacer Gold, 50% Lidya Mining
- 80 km northwest of Tunceli, Turkey
- Deposit Type:
- Cu-Au-Mo Porphyry
- Current Resources:
- Inferred Resources = 445.7Mt at 0.11g/t Au, 0.38% Cu, 48ppm Mo containing 1.6 million ounces Au and 3,734 million pounds of Cu (100% basis)
Alacer Gold is the operator of Cevizlidere, which is a 50/50 joint venture with our Turkish partner Lidya Madencilik San. Ve Tic, A.Ş.
Cevizlidere is located in Ovacık Township, Tunceli Province within the mountainous east-central Anatolian region of Turkey 600km east-southeast of Ankara. The project is 80km by road to the northwest of the provincial capital of Tunceli (pop. 26,000) and 20km southwest of the town of Ovacık (pop. 5,800), the project’s logistical base.
Alacer Gold picked up the Cevizlidere tenements in 2000 and conducted a stream sediment sampling campaign to identify anomalous mineralization. This work was followed up in 2002 with a soil and rock geochemical sampling program designed to identify drill targets. Based on this work, a highly successful drill campaign was conducted in 2003 which led to the discovery of the Cevizlidere deposit in the very first hole drilled: 580m at 0.39% Cu, 0.14g/t Au and 52ppm Mo. Further drilling was undertaken in 2004 and 2005, leading to a declared mineral resource which remains open to the southeast and at depth.
The rock types at Cevizlidere include Mesozoic limestones overlain by Tertiary andesitic flows and pyroclastic rocks. These units are cut by multiple intrusive phases, varying from the early "crowded" feldspar porphyry to massive dacite porphyry to narrow, late-stage, phenocryst-poor, feldspar porphyry dikes, all of which combine to make up a NW-SE elongate composite porphyry stock.
Cevizlidere falls in the copper-gold-molybdenum class of porphyry copper deposits. The mineralization is associated with multiple porphyry intrusions and zoned alteration and mineralization.
Alacer Gold is currently undertaking preparatory work prior to recommencing drilling at Cevizlidere.