Proactive Investors - Run By Investors For Investors

Ariana making rapid progress with construction of Turkish gold mine

We are very pleased to report on the rapid progress with construction at the Kiziltepe Mine - MD Kerim Sener.
Ariana making rapid progress with construction of Turkish gold mine
First gold pour will be in the second half of this year.

Ariana Resources (LON:AAU) managing director Kerim Sener said its local partner Proccea is making “rapid progress” with the construction of the pair’s Kiziltepe Mine in Turkey – and it remains on course for first gold pour in the second half of the year.

Work on important parts of the processing facility such as the ADR and carbon in leach circuits and the steel structure around the ball mill housing is about to begin.

Fully completed are the site administration, accommodation depot and lab buildings.

In the open pit, earth moving has started. The haul road to the plant has been finished and the drainage system finalised.

So far there have been no order delays. So, equipment such as jaw and cone crushers, screens, automation and drives are already on-site.

Separately, Ariana said it has been granted a renewable mining permit out to 2021 that covers the tailings storage facility. Work on the tailings site will start in a month.

Once up and running Kiziltepe, which is part of the wider Red Rabbit Project area in western Turkey, will churn out 20,000 ounces of gold a year at around US$600 an ounce.

Recent work on potential satellite deposits has the potential to extend the mine life, which currently stands at eight years.

MD Sener said: “The joint venture team is operating on schedule and will be commencing the installation of various process plant components during the second half of February. 

“We are also encouraged to have received our new blasting permit and to see the commencement of work on the open-pit, which marks the beginning of mining operations.   

 “With recent exploration drilling results having highlighted the potential for resource expansion at Kiziltepe, the progress being sustained by both the construction and exploration teams must be commended.”

 

View full AAU profile View Profile

Ariana Resources PLC Timeline

Related Articles

1552559210_Gold-bar-plus-nugget.jpg
March 14 2019
Caledonia is taking a short-term hit, but there are grounds for cautious optimism longer-term
copper
Wed
Its latest move is into Zambia, where it has taken an option on the small Buffalo project
1520338767_shutterstock_130308137.jpg
October 11 2018
Viscount Mining is sitting on two highly prospective gold projects in the USA
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use