Proactive Investors - Run By Investors For Investors

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.

View full AAU profile View Profile

Ariana Resources PLC Timeline

Related Articles

1542274067_Telson---Antonio-Berlanga.jpg
November 15 2018
Telson's Mexican mines are set to deliver significant growth
1542614662_Galantas-fourth-try.jpg
November 19 2018
The plan is to move towards a production rate of 30,000 ounces of gold a year
gold mine
May 09 2019
Drilling at Kochang is scheduled for July with process plant construction to start in September
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