Teknomining Plc is engaged in the exploration and development of industrial base metals and minerals in south eastern Turkey.
The Group had initially secured through its wholly owned Turkish subsidiary ( “The Company” ) two Exploration Licences over land area in the province of Diyarbakir, Eastern Anatolia, Turkey covering an area of c.10.9km.sq and currently has upgraded these to two full Operation Licences. These licences grant the Company certain rights to explore for and exploit "4th Group Minerals" as defined under Turkish mining law.
The Group announced on 23 May 2011 that through its wholly owned Turkish subsidiary it has been awarded full rights to three additional Exploration Licences covering an area of c.54.07km sq (5,407 hectares) taking the total number of licences under management to five - with two Operation Licences and three Exploration Licences covering a total area of 64.97km sq (6497 hectares).
To date the Company has undertaken five major Geophysical Ground Magnetic, Resistivity and Induced Polarisation (IP) Surveys which have shown the presence of strong anomalies.
Initial test drilling has indicated the presence of nickel, copper, cobalt and other metallic minerals.
The latest October 2011 Kulp 200806366 licence Deep IP/Resistivity and Ground Magnetic Report indicates the presence of a possible porphyry anomaly.
The latest October 2011 Kulp 200800729 licence Deep IP/Resistivity and Ground Magnetic Report indicates the presence of a possible quartz porphyry and or intrusive anomalies containing possible sulphide mineralization.
Plans to develop iron ore extraction on Licence 200806366 by previous management were halted in October 2012. These plans and all of Teknomining’s operations are currently under review by a newly elected Board of Directors, in place since 21st December 2012. The results of this review, due for completion in Q1 2013, will inform the future direction of the Company.
In the meantime, the Directors have reviewed and edited this website with a view towards providing a measured and accurate view of technical information currently to hand.