Page 66 - World Of Nurol Magazine 28

NATIONAL

TÜMAD MADENCİLİK SANAYİ VE TİCARET A.Ş.
TÜMAD MADENCİLİK SANAYİ VE TİCARET A.Ş.
Lapseki Project

TÜMAD MINING INDUSTRY AND TRADE INC.
TÜMAD MINING INDUSTRY AND TRADE INC.

Aim: to reach common values with all the

shareholders in gold mining

Located in the north-west region of Turkey in Biga
Peninsula, Lapseki Project is a gold mine project
in an advanced stage. After the field was bought in
November 2014, TUMAD Mining completed 11.500m
drilling at 143 different points between 2014-2015,
conducted a Mineral Source research, completed a
Feasibility study and started to invest in the field.

As mine resource, the project has 19,6 million ton 1.47
g/t gold-grade 930.000-ounce source in total.

In feasibility studies 7,1 million ton 1,85 g/t gold-grade
403.000 ounce producible gold reservoir in total was
calculated. In Lapseki Gold Mine, expected to be
completed in 10 years under the administration of
Open Pit Mining, 0,75 million ton ore will be produced
annually. A conventional process facility (3-staged
crushing, screening, leach and CIP) with 95% recovery
will be built to recycle gold and the dore gold to be
produced will be transferred to refinery for beneficiation
and purification.

Construction and detail engineering operations still
proceed in the field in the context of investment works
and the first production of gold is planned to take place
at the beginning of the 4 quarter of 2017.
th

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