Koza Gold Made a Reserve Statement to KAP

Koza Gold Made a Reserve Statement to KAP Koza Gold made a reserve statement to KAP. In the statement of the company, following statements took place, “It is envisaged that 180.000 ounces (5.6 tons) of gold and 175.000 ounces (5.4 tons) of silver reserves will be added to the total reserve amount of Koza Gold Enterprises by the end of 2020 after the examination and approval process of independent organizations abroad according to the JORC code in the Çanakkale-Karapınar project.” In the statement made by Koza Gold to the Public Disclosure Platform (KAP), after the examination and approval process of the Çanakkale-Karapınar project, the addition of approximately 180,000 (5.6 tons) gold and 175,000 ounces (5.4 tons) of silver reserves to the total reserve amount of Koza Gold Enterprises by the end of 2020 predictions were recorded.   The following statements were included in the letter Koza Altın reported to the PDP: “As it is known, our company announced the projected source of the Karapınar project to the Public Disclosure Platform (KAP) on 28.01.2020 according to the codes UMREK and JORC. Feasibility studies regarding the Çanakkale-Karapınar project of our company have been completed. According to the JORC code, approximately 180,000 ounces (5.6 tons) of gold and 175,000 ounces (5.4 tons) of silver reserves are expected to be added to the total reserve amount of Koza Gold Enterprises by the end of 2020 after the examination and approval process of independent institutions abroad. Drilling activities continue at full speed to increase the amount of reserves in the field, and production activities are expected to start in the second quarter of 2021.”