Cakmak Mining 2019 February

The Çakmaktepe Project is located approximately 5km from the existing Çöpler Gold Mine infrastructure. The ore will be processed through the existing Çöpler facilities. Approvals of the revised Çakmaktepe Environmental Impact Assessment and operating permit were received during the third quarter 2018 and mining operations commenced in September 2018. The access road construction from Çakmaktepe to the Çöpler infrastructure is complete and available for ore haulage. Approximately 45,000 to 50,000 ounces are expected to be produced in 2019 from phase one of Çakmaktepe. Production from Çakmaktepe ore will be 80% attributable to Alacer as a commercial arrangement has been entered into whereby the Çöpler operation will purchase all of the Çakmaktepe ore.

The Corporation announced on December 18, 2017:

  • A maiden Mineral Reserve of 176,000 ounces
  • An increase to the Measured and Indicated Mineral Resource to 239,000 ounces
  • An increase to the Inferred Mineral Resource to 50,000 ounces
Market Data copyright © 2019 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.