Projects in TurkeyThe geologic setting of Turkey is dominated by the broadening and intensification of magmatic and tectonic activity associated with a continuation of the Tethyan metallogenic belt from Eastern Europe into Asia Minor. Turkey is characterized by a number of recent epithermal gold, gold-silver and porphyry copper deposit discoveries. This prospective geologic environment, coupled with a favorable business climate, makes Turkey a premier country for building shareholder value via exploration, discovery, and mine development.
EMX's program in Turkey forms a cornerstone of the Company, with a number of properties ranging from grassroots to drill stage exploration projects. EMX has focused on the highly prospective Western Anatolia and Eastern Pontides mineral provinces, and the exploration targets consist of high sulfidation gold, low sulfidation gold-silver, and porphyry copper-gold deposit types. EMX's portfolio represents a broad range of discovery opportunities at various stages of exploration assessment.
EMX's programs in Turkey have resulted in the grassroots discovery of the Akarca gold-silver project, the acquisition and JV of the Sisorta gold project which is under an option agreement to sell to Çolakoglu Ticari Yatirim A.S., (see EMX news release dated April 3, 2012), the value enhancement of other gold and base metal properties in the portfolio, and the identification of additional new business opportunities.