Gold streaming and royalty company Sandstorm announced that LidyaMadencilik is continuing to advance the Hot Maden project located in northeast Turkey. Lidya have been working on mine design, metallurgical test work, geotechnical analysis, environmental studies and exploration drilling. Sandstorm stated that the process is culminating in a Pre-Feasibility study which is on track to be released in the first half of 2018.
According to Sandstorm’s latest press release, approximately 25,000 metres of infill and exploration drilling has been completed at Hot Maden during 2017.
Recent drill highlights include:
- HTD-157: 28.0 metres of 47.5 g/t gold and 1.65% copper from 287.0 metres including,
- 7.0 metres of 97.6 g/t gold and 3.86% copper from 308.0 metres;
- HTD-159: 3.5 metres of 32.3 g/t gold and 0.87% copper from 165.5 metres and 4.0 metres of 7.4 g/t gold and 1.74% copper from 210.0 metres.
Sandstorm has a 30% profits interest and a 2% NSR royalty on the Hot Maden project.
For Further Information: Sandstorm Gold
