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Red Crescent Updates Mining Activities in Turkey

Red Crescent Resources Limited (RCB.TO), a base metals focused mineral exploration and mine development company with operations in Turkey, provided an update on its recent activities.

At its Hakkari Zinc Project, the company continues to produce from open pit and underground operations on the Uzumcu (Pentagon) license where, since commencement of production in mid-September 2012, a total of 3,290 tonnes of Direct Shippable Ore have been exported,.

The Dense Media Separation process plant and its related auxiliary equipment in Hakkari have been cold commissioned and are currently under protection against severe winter conditions.

Discussions with selected parties to monetize the Sivas and Tufanbeyli projects are still in progress and might include entering into joint venture arrangements, sale of part or all of a property or further exploration, as additional cash resources become available.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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