JV Agreement Signed with Ariana Resources plc.
On 10th of Jult Proccea Signed the JV Agreement with Ariana Resources Plc.,a London Based exploration and development company focused on epithermal gold-silver and porphyry copper-gold deposits , to become the even partner of next gold producer in Turkey.

Proccea's executives commented,

We would like to thank everyone involved in the creation of this exciting partnership. We have already spent several productive months working together as partners in developing this opportunity and in enhancing our understanding of the project. We, as the Proccea / CH team, have a lot of confidence in the JV company becoming one of the leading mining companies in the region. The vision and dynamism showed by our partner, along with their technical capabilities, has impressed us greatly, and we are excited to see the first steps of this newborn company.

Dr. Kerim Sener, Managing Director, commented:

"This JV has now put us firmly on the path towards becoming the next gold producer in Turkey, and has created a solid set of foundations to spur the growth of your Company. We are delighted to be in partnership with a strong and competent JV partner and we look forward to adding further value to our assets via this JV. The partners are aiming to see the Kiziltepe Sector through to production in approximately two years, and to continue the advancement of the Red Rabbit project area as a whole. Indeed, the partners also intend to grow the JV company beyond its original scope, to include new project development opportunities in the region."