Aldridge Minerals Inc.
Aldridge Minerals Inc. is a development stage mining company focused on its wholly owned Yenipazar polymetallic Massive Sulfide Project (Gold, Silver, Copper, Lead, Zinc) in Turkey, a country that is committed to developing its natural resources.
Aldridge completed the Yenipazar Optimization Study and filed the related technical report in May 2014, which updated the original May 2013 Feasibility Study. The Company is currently advancing the Yenipazar Project on key aspects including land acquisition, project financing, and engineering.
Yenipazar Gold-Silver-Copper-Zinc-Lead Project, Central Turkey
The Yenipazar gold-silver-copper-zinc-lead property is approximately 100 square kilometres in area and is located at the geographic centre of Turkey, approximately 220 kilometres east-southeast of Ankara, the capital city.
The Yenipazar Project has a currently determined strike length of at least 1,700 metres averaging 200 metres in width and approximately 20 metres in thickness at depths between 30 and 190 metres. Much of the ore body is sitting at a depth of approximately 50 to 120 metres.
With mineralization near surface and access to skilled labor and excellent infrastructure, Yenipazar is ideal for open pit mining.
At more than 100 sq. km, the Yenipazar property is a significant land package. As much of it is unexplored, Yenipazar provides considerable exploration potential. The updated NI 43-101 resource (November 2012) has an Indicated resource of 2.3M gold equivalent ounces at 2.42 g/t. The estimate is based on 54,248 metres of drilling, including 20,604 metres of diamond drilling.
1Base Case Price Deck: Gold: $1,250/oz, Silver: $20.00/oz, Copper: $3.00/lb, Lead: $0.94/lb, Zinc: $0.90/lb, USD/TRY 2.10
2Spot at May 5, 2016: Gold: $1,276/oz, Silver: $17.35/oz, Copper: $2.18/lb, Lead: $0.78/lb, Zinc: $0.84/lb, USD/TRY 2.93
Turkey: Favorable Jurisdiction
Management and Directors
Han Ilhan, President and CEO
Professional engineer; 26 years at URS Corporation, a leading provider of engineering, construction, and technical services for public agencies and private sector companies around the world.
Jim O'Neill, CPA, CA, Chief Financial Officer
Chartered Professional Accountant with over 30 years financial experience; 15 years as CFO.
Serdar Akca, VP Country Manager
Geologist, is Turkish and has over 25 years of experience in minerals exploration and development. Mr. Akca supervises all exploration programs in Turkey.
Jaymes Dircks, Engineering, Procurement and Construction (EPC) Director
26 years successful EPC delivery. Significant experience in Turkey and central Asia.
Ahmet Senturk, Exploration Director
Geologist with over 20 years experience in exploration and development.
David Carew, HBA, Director of Investor Relations & Corporate Secretary
Responsible for supporting the Company’s operations in Toronto. Former investment banker with Canadian securities firm.
Dennis Ferrigno, EPC Consultant
40 years with mining, energy, power and natural resources development; 20 years experience working with Turkish contractors.
John Cook, Technical Advisor to the CEO
Mining engineer with over 45 years experience in operations and management. Former Chairman of Wolfden Resources and Premier Gold.
Prof. Dr. Zafir Ekmekçi, Consulting Metallurgist
Recognized flotation expert based at Hacettepe University in Ankara.
Barry Hildred, Chairman
Baran Baycan, Director
Daniella Dimitrov, Director
Ed Guimaraes, Director
Douglas Silver, Director
Ahmet Tacyildiz, Director
Hande Tacyildiz, Director
Talha Özkul, Director
Mike Widmer, Director
On May 13, 2016, Aldridge Minerals Inc. announced the filing of its unaudited consolidated financial statements as at and for the three months ending March 31, 2016, and the Management’s Discussion & Analysis related thereto, which are available on SEDAR and at www.aldridgeminerals.ca.
The Company’s focus during the first quarter of 2016 was the advancement of the land acquisition within the fully permitted Yenipazar Project fence line.
As at April 30, 2016, the status of the Land Acquisition Process (“LAP”) for the Yenipazar Project is summarized as follows: