The Board of IronRidge Resources Limited, the African focussed minerals exploration company,...
Turkish gold mine to boost output this year
Production to rise London-based miner Ariana Resources has un-veiled its production guidance for the Kiziltepe mine in south-eastern Turkey for 2019, with plans to significantly expand its output.
“Notably, our gold production guidance for the JV is up 25% from last year’s guidance, and is estimated at circa 25,000 oz for the year, re-flecting a further increase in expected grades as we mine deeper into the Arzu South pit and the maintenance of high monthly mill through-puts,” the miner said in a statement. “Ore throughput to the mill during 2019 is expected at c. 195,000 tonnes, which represents a 30% in-crease over the feasibility plan.”
The Turkish mine is part of the Red Rabbit joint venture with Proccea Construction Co. in which Ariana Resources holds a 50% stake through the company’s shareholding in local firm Zenit Madencilik San. ve Tic. A.S.