Following the discovery of the Inlice project, which the Company sold in April 2013, satellite-image studies of the wider Konya Volcanic Belt led to the identification three key targets - Doğanbey, Doğanbey South and Karacaören - and a number of other areas of hydrothermal alteration.
Aster image of the Konya Volcanic Belt, highlighting key areas of alteration
At Doğanbey, pilot holes to investigate the coincident geochemical and geophysical targets, indicate that mineralisation is associated with porphyry- and epithermal-style gold mineralization at depth. Initial RC drilling has also been undertaken at Karacaören and Doğanbey South, confirming that both prospects host gold-bearing porphyries.
The Company is in discussion with a number of Turkish companies that have variously expressed interest in the Konya licences.