The Tethyan Metallogenic Belt is one of the world’s foremost metal-producing regions. It is also one of the longest and most extensive, going through 33 countries, with six significant sub-regions differentiated along the belt.
The western side of the belt is the richest and is known for two main periods of gold and copper-rich magmatism, which occurred during the Cretaceous and Cenozoic eras. The Cretaceous aged deposits are dominantly copper-gold porphyry, high-sulphidation epithermal and volcanogenic massive sulphide deposits, whereas, in the Cenozoic magmatic belt, copper is significant in porphyry systems only.
Under the exploration alliance agreement, Newmont will invest $2.5 million in Ariana, based on the 10% premium to the 30-day volume-weighted average price to fund the alliance’s activities. Newmont will also open its regional database to Ariana.
