MINERALISATION

"Porphyry copper deposits are not only the largest source of copper in the world, they are some of the largest producers of gold and molybdenum"

Behre Dolbear

The Company’s assets are contained within the Tethyan Tectonic Belt, or Middle East Tertiary Fold belt, which extends from Pakistan to the Balkans running through Iran, Azerbaijan, Georgia and Turkey.  This is one of the world’s significant copper and gold bearing belts.  The major operating mines within the Tethyan Tectonic Belt contain porphyry copper deposits that are some of the largest sources of copper in the world and also yield significant quantities of gold and molybdenum.

Major Cu-Au-Mo deposits in the belt include:

• Sar Chesmeh & Sungun (500 m t @ 0.75% Cu, 0.01% Mo) in Iran
• Kadjaran (400 m t @ 0.27% Cu, 0.055% Mo, 0.03 g/t Au) & Agarak (45 m t @ 0.46% Cu, 0.027% Mo, 0.025 g/t Au) in Armenia
• Tekhout & Zod (4.3 m t @ 7.3 g/t Au) in Armenia
• Skouries in Greece
• Madneuli (23.5 m t @ 1.03 g/t Au) in Georgia