Perama Project
The oxidized gold deposit at Perama consists a typical deposit of low sulfidation which is located in sedimentary rocks of Eocene to Oligocene age. It is located in Northeastern Greece, on the border of the Evros and Rodopi prefectures.
Perama Hill Project
The mineralization of gold has been supplied through a tectonically controlled system of fractures in andesites, to the highly porous arenaceous caprocks.
Eighty percent of the mineralization is located in sandstones and the rest is connected with andesite breccias and conglomerates.
The project is located in a non-residential area, of a low agricultural and forestry production value in the prefecture of Evros in Thrace. It lies at approximately: 5km from the sea, 28km from the port of Alexandroupoli, 15 km from Makri, 7 km from Mesti and 0.5km from the village of Perama.
Since compliance with environmental legislation constitutes a top priority for the Company:
Finally, it is worth noting that the Perama project also has a processing dimension, as within the same facilities, gold will be converted into doré—ready-to-market metal—which will be dispatched directly from Perama. (It should be underlined that the transport of gold in bullion form is considerably safer than the transport of concentrate for processing elsewhere.)