Sisorta is a high sulfidation epithermal gold project located in north-central Türkiye’s Eastern Pontides metallogenic belt. The project was organically generated by EMX and sold in 2016 to Bahar Madencilik Sinayi ve Ticaret Ltd Sti (Bahar), a privately owned Turkish company. Bahar will make 3.5% NSR payments to EMX from material processed on-site, and 5% NSR payments for material processed off-site upon production. The NSR payments are uncapped and cannot be reduced or purchased.
Sisorta hosts a 1000 by 600 meter zone of shallow oxide gold mineralization with underlying copper and gold porphyry potential at depth. The gold mineralization is developed in the upper portions of a prominent lithocap of high sulfidation-style alteration, with copper (molybdenum) showing enrichment at lower elevations. These broad zoning patterns are suggestive of an extensive magmatic-hydrothermal system.
Bahar is advancing the project through ongoing exploration work and metallurgical and engineering studies. Sisorta in-house resource estimates by Bahar do not meet NI 43-101 disclosure requirements.
See EMX news releases dated January 26, 2004, May 24, 2005, February 16, 2006, August 27, 2007, October 31, 2007, December 7, 2007, November 24, 2008, June 16, 2009, August 27, 2009, April 3, 2012, and August 3, 2016 for more information.