The Turkish word Kızıldağ translates as Red Mountain and is the new name by which the company's properties on the north-west side of the Coruh River will be known. The Red Mountain Project consists of three main exploration areas (Çorak, Taç and Çevreli). Mediterranean is actively working on its two 100% owned properties that saw more then US$4 million of development by Teck Cominco during the 1990's. These properties are called Taç and Çorak.

During 2006 Mediterranean spent US$3.1 million of exploration on Taç, after which it earned an undivided interest in the properties, and during 2007 Mediterranean spent US$4.5 million of exploration on Taç and Çorak.