General 2015-05-10Mineralisation at the Hacimeter Project was discovered by the Besler Group in 2010 when they identified exposed gossanous zones during investigation of anomalous copper values in regional stream geochemical data collected by MTA during the 1980's (see Figures 4a & 4b). Besler engaged a Turkish joint venture partner to manage exploration on the project during 2010-11 and completed 39 line-kilometres of induced polarisation geophysics (IP) over the known mineralisation and surrounding areas, as well as two phases of diamond drilling for an overall 43 drill holes totalling 5,003 metres (see Figure 5). This work identified a zone of disseminated and stringer pyrite /- chalcopyrite sulphide mineralisation within strongly silica-altered mafic volcanics that extended from surface to at least 40 metres depth and remains open towards the SE and SW. Preliminary laboratory scale flotation metallurgical testing of the material of between 1.0-1.2% copper grade produced a concentrate of 26-31% copper with a copper recovery at 70-92% - work that suggests that a marketable copper concentrate could be produced from it.
Gentor Provides Update on Karaburun Project 2016-05-20
TORONTO, ONTARIO--(Marketwired - May 20, 2016) - Gentor Resources Inc. ("Gentor") (TSX VENTURE:GNT) reports that its proposed joint venture with Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya") to further explore and develop Gentor's Karaburun project located in northern central Turkey will not be proceeding, following notification from Lidya that Lidya has decided to not pursue the proposed joint venture.
Gentor Signs Letter of Intent for Proposed Joint Venture for Gentor's Karaburun Project 2016-02-24
TORONTO, CANADA--(Marketwired - Feb. 24, 2016) - Gentor Resources Inc. ("Gentor" or the "Company") (TSX VENTURE:GNT) is pleased to announce that it has signed a Letter of Intent ("LOI") with Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya") (a Turkish mining company) for a proposed Joint Venture to further explore and develop Gentor's Karaburun Project (the "Project") located in northern central Turkey.
Nearby Location News
First Quantum Minerals Announces Its 2015 Production and Sales 2016-02-01
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 1, 2016) - First Quantum Minerals Ltd. ("First Quantum" or "the Company") (TSX:FM)(LSE:FQM) today announced its production and sales for the three months and year ended December 31, 2015.
Mediterranean Announces the Closing of the Sale of Its Turkish Property 2015-03-02
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 2, 2015) - Mediterranean Resources Ltd. (the "Company") (TSX VENTURE:MNR.H)(OTC PINK:MNRUF) is pleased to announce it has now closed the sale of its remaining 80% interest in Akdeniz Resources Madencilik A.S. ("Akdeniz") to Cengiz Kaya (the "Purchaser").
Ariana Resources plc : Miscellaneous 0000-00-00Market News alert Ariana Resources PLC