Firm finds big gold reserves in Turkey's Kayseri

Firm finds big gold reserves in Turkey's Kayseri

ISTANBUL - Hürriyet Daily News
Firm finds big gold reserves in Turkeys Kayseri

Turkey produced 79.6 tons of gold between 2001 and 2010, says an association. Company photo

Canadian firm Wardell Armstrong International has discovered 31 tons of gold reserves in two separate locations in the province of Kayseri, in the heart of Anatolia, after 57 drilling exercises, according to daily Radikal.

The drilling first began on August 17 2008, when gold was discovered in different rock and soil samples. From August 2008 to May 2009, drilling took place at 13 different sites and IP and magnetic studies were also completed, according to the Develi-Öksüt Mining General Manager Bahri Yıldız. Drilling will continue through 2012 and will not harm nature, said Yıldız.

Turkey’s defined gold reserves stand at 710 tons, according to the Turkish Gold Miners Association. The country produced 17 tons of gold in 2010. The Kışladağ mine in Uşak produced some 7.8 tons of gold in 2010, according to operator Eldorado.