- Workforce 99 Armenian, and strong engagement with local government on social programs
- Ongoing efforts to ensure safety of employees and minimize impact to the environment
- Increased size of Azatek concession package to 362 hectares, inclusive of 60 hectares for planned processing plant and tailings dump
- Environmental impact assessment for the Azatek project submitted and accepted by the Ministry of Environment
- Transportation of ore from Azatek for processing at Chaarat Gold’s processing plant
PRE PRODUCTION REVENUE FACILITATED BY NEARBY TOLL MILLING PARTNER AND EXISTING INFRASTRUCTURE
- Gold copper resource with potential porphyry at depth
- Located in Syunik region of the Republic of Armenia, 50 km from the town of Kapan and 320 km from the capital city of Yerevan
- Developed infrastructure with access to power
- Geochemistry, geophysics and geological mapping to define new drilling targets
- Preliminary RC drilling, verified by diamond drilling
DEPOSIT REMAINS OPEN IN ALL DIRECTIONS
- Located in the Lori Province of Armenia
- System of parallel quartz veins intruding volcanic rocks
- License acquired by the Company in July 2013
- Resampling of selected trenches completed