Aldridge to acquire Yenipazar property

Aldridge Minerals has signed a strategic alliance and option agreement with Anatolia Minerals and its Turkish subsidiary for exploration and development of the Yenipazar Au-Ag-Cu-Pb-Zn VMS deposit in central Turkey. The agreement amends and restates the previous agreement with Anatolia on the Yenipazar property. Under the terms of the agreement, and supplementary to earn-in conditions spelled out in the previous agreement, Aldridge has the opportunity to earn 100% title to the Yenipazar property for payment of 250,000 common Aldridge shares.

This strategic alliance and 100% earn-in option for Aldridge will give it a major core asset. From Anatolia’s perspective, it has chosen to focus on building up a work infrastructure to develop 100%-owned large Cöpler gold projects, rather than divert its resources to minority ownership in projects that would be controlled and managed by others.

Aldridge Minerals and the Yenipazar project are featured in the August issue of International Mining within our country special focussed on Turkey.