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Ariana Resources identifies new drilling targets at Red Rabbit

Published: 05:41 29 May 2014 EDT

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Ariana Resources (LON:AAU) has defined two more drilling targets within the Kiziltepe sector of the Red Rabbit project in Turkey.

The gold and silver prospects are at Kizilcukur and Karakavak in an area held in a joint venture with Proccea Construction.

Rock-chip sampling at both targets recently showed very high grades and a drilling programme is being prepared for both prospects.

Kerim Sener, managing director, said: “With both prospects being located less than 25km from the initial mine [at Kiziltepe] Karakavak and Kizilcukur represent high priority targets for drilling and underpin Red Rabbit's significant potential to host multiple open pit mines within truckable distance to the planned processing plant.”

"Both prospects show excellent potential to add to the resource base of the Kiziltepe Sector, and with this in mind, the company is preparing for a drilling programme at both sites, which we are planning to initiate in Q3 2014."


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