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Ariana Resources PLC

Ariana Resources boosted by latest drill results at Kiziltepe mine

Latest drill results point to a longer life span for the mine.

Drilling at Arzu North
Drilling at Arzu North, part of the Kiziltepe mine / Red Rabbit project

Ariana Resources PLC (LON:AAU) has revealed latest drill results from the Kiziltepe mine, in the Arzu North area, and, they show potential for a large-tonnage system.

Highlight results include grades up to 1.5 grams per tonne gold and 17.5 grams per tonne silver.

"These encouraging results suggest that there is potential in the Arzu North area to identify a large-tonnage and lower-grade resource, which could extended the life of mine at Kiziltepe,” said Kerim Sener, Ariana managing director.

READ: Ariana Resources sees strong production again at Kiziltepe

“We are investigating opportunities with our JV team to assess this potential further through future drilling programmes and look forward to commencing mining in these fully permitted areas later this year.”

He added: “"From the results of this work, we can conclude that the Arzu North vein system broadens out into a series of sub-parallel mineralised structures hosted within a halo of mineralised and altered volcanic rocks. 

“This is apparent from the wide zones gold and silver mineralisation encountered particularly towards the NW end of Arzu North."

Mining is due to start from the Arzu North part of Kiziltepe in the fourth quarter of this year.

Quick facts: Ariana Resources PLC

Price: £0.02

Market: AIM
Market Cap: £23.21 m
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