Armenia gold

Exploration
& Development

30 years regional experience & 3 prospect leases

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General information about
Emerging Goldfields

Management

  • 30 years experience in Armenia
  • Track record of success
  • 35 years in resource development

Established portfolio

  • Significant near term cash flow
  • Two prospective porphyry discoveries at depth
  • Resource expansion along strike

Offtake agreement

  • Azatek production near revenue
  • 400k tonnes to 1m tonnes per year Azatek
  • Voskedzor 1m to 3m tonnes per year

Operating jurisdiction

Over 30 metals mines in country – 14 gold and gold–
polymetallic mines

Stable operating region

Highly prospective geology – Central Tethyan Belt

Prospect information

Flagship prospect

Exploration drilling operations at the Azatek gold-copper prospect
  • Ownership 80%
  • Stage: Development

Asset overview

  • Gold copper resource with potential porphyry at depth
  • Located in the Vayk region of the Republic of Armenia
  • 139 km south of Yerevan
  • Asset acquired 2012
  • Permit granted for mining operation valid until 2037
  • Licensed area covered with network of gravel and earth roads
  • Power and water access

Geology & mineralization

  • Geological mapping of the ore body suggests the presence of felsic intrusive among the volcanic sedimentary rocks of the middle Eocene age
  • Gold, lead and antimony mineralization appear to be related
  • Zinc and silver related to volcanic units
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