Company News: Mediterranean Resources
Updated: 22 Mar 2010
Mediterranean Resources Ltd (TSX -- MNR) is developing four projects located along the 12 kilometre Yusufeli Property in northeastern Turkey. Current NI 43-101 compliant resource estimates for the Tac and Corak projects, 8 km apart, total 1.58 million ounces gold Indicated and 0.29 million ounces Inferred. These estimates, completed in April 2009 by SRK Consulting are constrained within Whittle pit shells, providing a materially enhanced level of confidence in the economic potential of the Yusufeli Property. The new resource estimates demonstrate that both Corak and Tac are amenable to open-pit mining with a reasonable assumption of economic viability.
Business Category Exploration; Mining
Regions of Operation Europe; Middle-East Asia
Exchange Ticker MNR
Web: www.medresources.ca
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Suite 890 - 885 Dunsmuir Street
- Vancouver,
- B.C.
- V6C 1N5
- ca
Most Recent Company News
- Turkey: Constructing the future - 11 May 2012 12:32pm
Turkish construction firms and investors are contributing to the expanding region Read more... - Mediterranean Resources - 09 Dec 2011 1:10pm
Mediterranean Resources Ltd, a Toronto- and Frankfurt-listed operator, has signed a letter of intent to sell a 20% stake in the company’s Red Mountain gold project in Turkey Read more... - Gold: rise and rise again - 08 Apr 2011 11:51am
Gold continues to soar on strong investor demand Read more... - Ecclestone interim CEO - 25 Mar 2011 12:00pm
Mediterranean Resources Ltd has hired Christopher Ecclestone as the company’s interim chief executive officer. Read more...
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