| Mediterranean Resources Ltd. |  | Mediterranean Resources Ltd (TSX -- MNR) is developing four projects located along the 12 kilometre Yusufeli Property in northeastern Turkey. Current NI 43-101 compliant resource estimates for the Tac and Corak projects, 8 km apart, total 1.58 million ounces gold Indicated and 0.29 million ounces Inferred. These estimates, completed in April 2009 by SRK Consulting are constrained within Whittle pit shells, providing a materially enhanced level of confidence in the economic potential of the Yusufeli Property. The new resource estimates demonstrate that both Corak and Tac are amenable to open-pit mining with a reasonable assumption of economic viability.To date, less than 20% of the 100 square kilometre Yusufeli Property has received drill exploration, and several targets remain to be addressed. In December 2008 MNR announced initial drilling results from the Celtik project area, located at the eastern end of the Yusufeli Trend. Assays from three holes confirmed a significant new discovery at Celtik, with multiple intercepts from surface to 314 metres. An intercept of 18.4 metres assayed 6.51 g/t gold and 0.9% copper. MNR acquired the Corak and Tac properties from Teck in 2005, and currently controls these core areas under a mining license. Acquisition of contiguous areas has been conducted by obtaining new exploration licenses. The properties are well serviced by roads, water and access to power, providing for highly cost-effective exploration. To date, exploration costs have averaged less than $8 per ounce. As well, Turkey's modernized mining code and permitting process provide attractive incentives to exploration ventures, including rebates on expenditures.MNR's plans for 2009 include 6,000 metres of diamond core drilling to an average depth of 300 metres at Corak and Tac to upgrade and expand resources within the new pit shell modeling, and a drill program to follow up on the significant new discovery at Celtik. | | Visit Website | | Office Address | Suite 310 - 885 Dunsmuir Street,
Vancouver, BC, V6C1N5 Canada | | Phone | (604) 669-3397 | | Fax | (604) 669-3357 | | Executives | Peter J. Guest, President, CEO and Director | | Winnie Wong, CFO |
Rating : 
(No Votes) Rate | Add to Favorites | Print this Page | Tell-a-friend | Add a comment
|
|
Related companies |
 | Medoro Resources Ltd.
Medoro Resources Ltd. is a gold exploration, development and mining company with a primary emphasis on Colombia. Medoro owns most of the prolific Marmato gold district and the producing Mineros Nacion...
web site url : http://www.medororesources.com |
|  | Metal Connections, Inc.
Metal Connections, Inc. is a privately owned and operated metal distributor. Founded by John Wolf and Joe Papol in 1999, we carry full lines of 6061, 7075 and Cast Tool and Jig domestic plates. Meta...
web site url : http://www.mymetalconnection.com |
|  | Metal-Tech Ltd
Metal-Tech is a leading international provider of technologically-driven and environmentally-minded solutions for recycling metals and manufacturing specialty metal chemicals from industrial wastes, a...
web site url : http://www.metal-tech.co.il |
|  | Metaline Contact Mines
Metaline Contact Mines is one of the oldest royalty-based
mineral resources companies in the country.Organized in
1928, under the laws of the State of Washington, to acquire,
lease, explore, and...
web site url : http://www.metalinecontactmines.com |
|  | Metalor Technologies International SA
Metalor Technologies International smelts and refines precious metals for a wide range of uses. Its refining division recycles precious metals -- gold, silver, platinum, etc. -- and converts them into...
web site url : http://www.metalor.com |
|
| Be the first person to write a business review for Mediterranean Resources Ltd. |
|
|
| India Resource Center |
» Free India Classifieds
Introducing IndiaCatalog Free Classifieds. Post your free classified ads. Inviting Real Estate Agents, Travel Agents, Job Placement Agents and others to post their advertisements for free. |
» Global Web Directory
Web directory listing of Global companies. Send enquiries to international companies. |
» India Yellow Pages
Yellow Pages for Mumbai, Delhi, Bangalore, Chennai, Kolkota, Hyderabad, Pune and more Indian cites. |
» Photo Gallery
This page provides you with links to images of India displaying Celebrities Photos,Automobiles Photos,latest Movies Photos,Sports Photos,Photos of Bollywood Stars and many more. |
|
