Alankoy
The Alankoy gold-copper property is located in northwestern Türkiye’s Biga Peninsula amidst a cluster of recent discoveries and advanced exploration projects. Alankoy, like other systems in the area, is characterized by alunite-rich epithermal alteration and the development of vuggy silica lithocaps. Host rocks include metavolcanics, andesites, marbles, granites, and black shale-bearing diatremes.
Historic work by MTA (Türkiye’s Directorate General of Mineral Research and Exploration) in the late 1980s focused on the near-surface gold mineralization in the lithocap, and included a campaign of twelve core holes, all drilled to a pre-determined depth of 151 meters. Most notable was hole MJTC-10, which was drilled toward the center of the system and ended in copper mineralization.
EMX has outlined a six square kilometer area of lithocaps and quartz-alunite and argillic alteration with multiple styles of mineralization. A magnetic survey has also outlined what is interpreted as a buried intrusive beneath the copper enriched intercept in hole MJTC-10, and believes this represents an area of high potential for discovery of porphyry-style gold-copper mineralization.
See details reported in Company News Releases dated January 7, 2014 & November 23, 2015 - reference on the historic exploration results and EMX’s exploration results and QA/QC procedures.
*Nearby mines and deposits provide context for the project, but do not necessarily indicate similar size, styles or grade of mineralization within the project.