-1.8 C
Belgrade
Supported byspot_img
spot_img

Euroasian Minerals Turkey Balaya lead-zinc-silver royalty proves valuable

Member of Europium Groupspot_img
Supported byspot_img

Eurasian Minerals announced that initial processed material from Balya lead-zinc-silver royalty property of Dedeman Madencilik was shipped to to Dedeman’s mill at Kayseri for processing. The initial shipment consists of approximately 500 tonnes of high grade material and 3,700 tonnes of medium grade material.

Eurasian Minerals handed over the Balya property to Dedeman in 2006, and retains an uncapped 4% net smelter return royalty on the property.

Since acquiring the Balya property from Eurasian, Dedeman has carried out drilling and initial development of the Hastanetepe lead-zinc-silver deposit. Hastanetepe is a moderately dipping, 750 by 450 meter zone that extends from depths of 10-20 meters to 200-300 meters as multiple stacked horizons of lead-zinc-silver mineralization primarily developed along contacts between limestone and dacitic intrusions. Mineralization remains open for expansion in multiple directions. In addition to Hastanetepe, Dedeman identified the “Souther Zone” next to a mine of Esan.

Supported byElevatePR Digital

Related News

Important Announcement to Our Readers

After years of dedicated efforts to promote the European mining industry and foster a balanced approach between environmental conservation and the responsible exploitation of...

India set to decide on import restrictions for metallurgical coke

India is set to make a decision soon on whether to implement import restrictions on metallurgical coke, a crucial ingredient in steelmaking. According to...

AMMC targets major production milestones by 2030 with ongoing development projects

Almalyk Mining and Metallurgical Combine (AMMC) has set ambitious production goals for 2030, aiming to achieve annual output of 500,000 tons of copper, 50...

Kazatomprom partners with Jordan uranium mining company on joint uranium exploration and extraction

Kazatomprom, Kazakhstan's national atomic company, has entered into a collaboration with Jordan Uranium Mining Company (JUMCO) to jointly explore and extract uranium in Jordan....
Supported by
Supported by
Supported by
error: Content is protected !!