- EMX representatives recently visited the Balya North property to tour the project area and meet with its operator, Turkish company Esan
- Esan acquired the property from EMX in 2019 and operates a mine and flotation mill there
- Development ramps that will be used for production at Balya North are nearly complete
- During ramp development, Esan intersected 18,000 tonnes of lead-zinc-silver mineralized material and stockpiled it on site
- Highlights from recent drilling include 6.4 metres containing 8.61 per cent lead, 0.16 per cent zinc, and 96.82 ppm silver
- EMX is a precious, base, and battery metals royalty company
- Shares in EMX Royalty Corporation (EMX) are up 3.30 per cent, trading at $2.82 per share
EMX Royalty Corporation (EMX) has a 4 per cent NSR on the Balya North project, operated by Turkish company Esan.
EMX representatives recently visited the Balya North property to tour the project area and meet with Esan for an update on the project’s development.
Esan informed EMX that the development ramps that will be used for production at Balya North are nearly complete. The first ramp allowing crews to access the uppermost mineralized areas (approximately 50 metres below surface) is now 520 metres long.
During ramp development, approximately 18,000 tonnes of lead-zinc-silver mineralized material were intersected by the workings and have been stockpiled on site.
This material is now being processed at Esan’s nearby mill facility.
Esan is also testing the down-plunge extensions of the Balya North deposit with multiple drill rigs on site. In 2021, the industrial exploration company completed approximately 35,000 metres of drilling with another 5,000 planned for the current campaign.
Highlights from recent drilling include 6.4 metres containing 8.61 per cent lead, 0.16 per cent zinc, and 96.82 ppm silver at a depth of 830.6 metres.
Esan encountered several intercepts from deep in the system, showing that mineralization at Balya North continues to be impressive at depth and remains open in multiple directions.
In addition to the development work and ongoing drill programs, Esan is also reconfiguring portions of the processing lines at its nearby milling and concentrating facilities to accommodate the feed of new material. This work is expected to be completed in early 2022.
The Balya North project is located in the historic Balya mining district of northwestern Turkey. Esan acquired the property, where it operates a lead-zinc mine and flotation mill, in late 2019.
EMX is a precious, base, and battery metals royalty company. The company’s royalty and exploration portfolio mainly consist of properties in North America, Europe, Turkey, Australia, Chile, and Haiti.
Shares in EMX Royalty Corporation (EMX) are up 3.30 per cent, trading at $2.82 per share as of 12:13 pm EST.