The Perama gold deposit and 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. 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 deposit of Perama does not contain As (arsenic), Pb (lead) or other heavy metals.

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.