Drilling Rig and Team

Company"), the gold exploration and development company focused on Turkey, is pleased to announce the initiation of drilling at the Kiziltepe project using its newly acquired Sandvik DE130 diamond drill rig. Highlights * High production, low cost drilling, circa US$ 65 per metre drilled * Capability for exploration drilling on demand over the Company's projects * New drilling programmes to commence in August Dr. Kerim Sener, Managing Director, commented: "The Company is expecting to start its 2008 drilling programme in August with its newly acquired drill rig. Drilling during 2008 and early 2009 will be designed to further test previously drilled veins and to explore veins that remain un-drilled elsewhere on the Kiziltepe prospect and in the wider Sindirgi project area. Drilling will also be initiated on the Tavsan deposit... [read full story]