Eurasian Minerals Again in Control of Akarca Gold-Silver Project

Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) announced that it’s regained control of the Turkey-based Akarca gold-silver project. In total, the company has seven properties in the country, including two partnered projects, two royalty properties and three available projects.
As quoted in the press release:

EMX had an agreement with Çolakoglu Ticari Yatirim A.S. (“Çolakoglu”), a privately owned Turkish company, for an option to acquire EMX’s 100% owned subsidiary, AES Madencilik A.S. (“AES Turkey”), a Turkish corporation that controls the Property (see EMX news release dated June 20, 2013). Çolakoglu has advised EMX that it decided to forego exercising the option. Çolakoglu has made cash payments of US $350,000 to EMX while advancing the Property through substantial exploration and drilling programs, as well as metallurgical and environmental studies.

Click here to read the full Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) press release.