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Tavsan gold/silver mine, Turkey

22nd October 2021

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Tavsan gold/silver mine.

Location
Western Turkey.

Project Owner/s
Zenit Madencilik San, 23.5%-owned by Ariana Resources.

Project Description
The proposed Tavsan gold/silver mine is targeting production of up to 30 000 oz/y of gold over eight years.  

Potential Job Creation
Once in production, the Tavsan mine will be a significant employer in the region, with about 100 local people expected to be permanently employed.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Discussions regarding debt financing of the required construction capital are being advanced with potential lenders. 

Planned Start/End Date
Construction is expected following the receipt of final permits. 

Latest Developments
Opportunities for resource expansion have been demonstrated at Tavsan, and further drilling is expected to start during the fourth quarter of 2021, which will lead to a revised resource.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Ariana Resources, tel  +44 203 476 2080 or email  info@arianaresources.com.

Edited by Creamer Media Reporter

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