Agi Dagi Gold-Silver Project

Agi Dagi gold-silver mine is located in the Çanakkale Province, Biga Peninsula, in the north-western region of Türkiye.

Ownership

70%

Mineral Reserve

1.57Moz
of gold

Gold production

310koz

All-in sustaining costs

$1,304/oz

Capital expenditure

$87m

Workforce

978

Overview and locality

Agi Dagi project represents another low-cost, high-return, growth project for Alamos. Positive feasibility studies were completed on Agi Dagi and Kirazli in 2017 with both projects contemplated as stand-alone open-pit, heap-leach operations.

Agi Dagi is expected to produce an average of 177,600 oz of gold at mine-site all-in sustaining costs1 of $411/oz over a six year mine life. Mineralized material from the nearby Çamyurt deposit is expected to be trucked and processed at Agi Dagi after it has been depleted, resulting in a combined mine life of nearly 10 years between the two projects.

The Agi Dagi property consists of a total of 10,514 hectares of mineral tenure in 15 contiguous operation and exploration licenses and includes the Çamyurt Project. As all projects are located in a forestry reserve, surface rights are controlled by the State government of Çanakkale.

A brief history

Eurasia Minerals Corporation acquired the Agi Dagi and Kirazli advanced-stage development projects in 2010, from Teck Resources and Fronteer Development Group for total consideration of $90 million. That same year, positive preliminary economic assessment technical reports were published on both projects, followed by positive pre-feasibilities studies in 2012. Updated positive feasibility studies were completed on both projects in 2017.
The Agi Dagi deposit is an epithermal, high-sulphidation, disseminated gold system where gold mineralization is hosted within Miocene-age rocks.
The Oligo-Miocene volcanics mainly consist of andesite porphyry, porphyritic andesites and dacite-rhyolite flows and tuffs.
There are five main zones of gold mineralization present at Agi Dagi. The Baba, Fire Tower and Deli zones occur within the interpreted southeastern basin and the Ayi Tepe and Ihlamur mineralized zones occur in the interpreted northwestern basin.
Hydrothermal alteration at Agi Dagi covers an area in excess of 25 kilometres² and exhibits many of the alteration facies that typically relate to high-sulphidation, epithermal gold deposits.
Silicification with vuggy and massive silica is the most prominent alteration type surrounded by several facies of advanced argillic then argillic alteration.

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