Eldorado Gold Corp.
Properties & Projects / Turkey / Operations / Kisladag Mine


Location: Usak Province, Western Turkey
Property Size: 157 square kilometers
Ownership: 100% ( Eldorado Gold owns 100% interest in the Kisladag Gold Project through its wholly owned Turkish subsidiary Tüprag Metal Madencilik Sanayi Ve Ticaret Limited ("Tüprag")
Project Status: Feasibility Study completed March 2003; Environmental Positive Certificate received the end of the second quarter 2003; Establishment Certificate received December 2003; Zoning Plan Approved August 2004; Construction Permit received September 2004. First gold poured May 12, 2006. Commercial Production began July 1, 2006. 2006 production was 70,895 ounces of gold at a cash cost of US$206 per ounce. 2007 production was 135,306 ounces of gold at a cash cost of $US189 per ounce. Forecast 2008 production is 190,000 - 200,000 ounces of gold at a cash cost of US$222 per ounce.

location map

Project Description


The Kisladag Gold Mine in west central Turkey is the largest gold mine in Turkey. We advanced Kisladag from exploration discovery through development to construction and production. Kisladag has been developed as a low grade, bulk tonnage open pit operation using heap leaching for gold recovery. Mine life is a 13 year mine operating at a total ore throughput of 10 million tonnes per year. At full production the mine should produce an average 240,000 ounces annually at a cash cost of US$232 per ounce of gold.

Location


Kisladag is situated between the major centers of Izmir (180 kilometers to the west) and Ankara (350 kilometers to the northeast) in the province of Usak. The city of Usak is the closest large population center, located 35 kilometers to the northeast. Access to the site is via all-weather paved roads servicing several small villages in the immediate area.

Kisladag sits on the western edge of the Anatolian Plateau, in gentle rolling topography, at an elevation of approximately 1,000 meters. The climate is arid with hot summers and cold winters. Economic activity in the area consists of a mixture of subsistence farming and grazing.

Geology and Mineralization


Kisladag lies within one of several mid- to late-Tertiary volcanic complexes in western Turkey, related to subduction along the Hellenic Trench southwest of Turkey. In the Kisladag region, the volcanoes erupted onto a basement of schist at the northeast margin of the Menderes Massif.

Gold mineralization is hosted by a number of latitic intrusive bodies. The Gökgöz Tepe alteration zone hosting the Kisladag deposit covers approximately 12 square kilometers. At Gökgöz, a coarsely porphyritic latite is host to the bulk of the gold mineralization and has undergone extensive and intensive hydrothermal alteration. Gold mineralization forms an annular zone around a later weakly mineralized stock of similar composition. Gold is associated with multiple phases of tourmaline-pyrite, pyrite and quartz-pyrite veining and brecciation and is accompanied by small amounts of base metals, principally zinc and molybdenum. Oxidation in the deposit is shallow over the barren intrusive but extends to depths of 40 to 50 meters to the west and east.


Reserves & Resources


Reserves and Resources Table January 1, 2008

Project

Reserve Classification

Tonnes
(x1000)

Grade

(Au g/t)

In-situ Gold ounces

(x1000)

Kisladag

Proven

67,930

1.11

2,424

Probable

85,400

1.12

3,076

Proven + Probable

153,330

1.12

5,500

Project

Resource Classification

Tonnes
(x1000)

Grade

(Au g/t)

In-situ Gold ounces

(x1000)

Kisladag

Measured

69,860

1.10

2,467

Indicated

185,530

0.89

5,284

Measured+Indicated

255,390

0.95

7,751

Inferred

140,510

0.74

3,346


Mining


Initial mining at Kisladag has been carried out by a local contractor using conventional earthmoving equipment. An owner operated fleet of 150 tonne haul trucks and equivalent loading equipment will be phased into operation in 2008. Average ore production will increase to 10,000,000 tonnes per year with an additional 8,500,000 tonnes of waste moved annually

Processing


A three stage crushing system using a gyratory crusher and 4 cone crushers reduces the run of mine ore to 80% passing 6.3 mm in size for leaching. Conveyors are used to transfer and distribute the material onto the leach pad for leaching. A conventional ADR plant is used to recover the gold from process solutions to a final gold dore product.

 
Kisladag Analysis:


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news from Turkey:
Jul 12, 2007
Kisladag Mine (more...)

Jul 12, 2007
Kisladag Mine Conference Call (more...)

Jul 30, 2007
Kisladag Mine Update (more...)