The Transformation is fast taking shape and after 12 months of project build, Alacer is just about to flick the switch on its 20 yr anchor golf project known as Copler.
5 kms away Cakmatepe drilling continues to hit shallow gold targets resulting in additional production. Results in the region are exciting and further discovery potential remains.
Çakmaktepe has been improved through the southernmost holes at Çakmaktepe Central. Given the position of the mineralization between Ardich, Çakmaktepe North, East and Central mineralized zones, a broad-scale intrusive complex may be responsible for the mineralized dykes, sills and fluids associated with mineralizing and/or the high-grading of these deposits. The size and full extent of the epithermal system is not known as the surface expression is masked by meters of ophiolite scree.
There is potential through:
Definition of a mineralized feeder structure
Further oxide mineralization associated with crossing structures, and
Testing of the deeper sulfide mineralization.
Gediktepe a significant polymetallic project in its own right is only a few months off a Definitive Feasibility Study.
Other Projects/Exploration
Alacer is partnered with Lidya Madencilik a major mining company and subsidiary of Cilik Holdings backed by one of Turkeys Richest men Ahmat Cilik.
This partnership has another 7 prospecting regions with Lidya that havent had much time to review due to work on its Tier 1's
In Summary
I see the transformation generating significant free cashflow via low effective tax rates for this highly promising mining region. The partnership with Cilik (Turkeys version of Twiggy) a great benefit especially for permitting and internal government relationships.
AQG Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
