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Ariana upbeat on Kizilcukur's potential as satellite deposit after latest drilling

The drilling also uncovered incidences of coarse and bonanza grade gold (30.27 g/t) and silver mineralisation

Drill cores
Drill cores contained some bonanza grades

Ariana Resources PLC (LON:AAU) is increasingly confident its Kizilcukur deposit can become a satellite for its existing mine in Turkey after drilling returned high-grade indications of gold.

Kerim Sener, managing director, said that the mineralisation encountered within the top 40 metres of the Zeki vein system at Kizilcukur showed sufficiently high grades and widths to support an open pit operation.

WATCH: Ariana Resources showing increasing confidence in its Kizilcukur deposit

The drilling also uncovered incidences of coarse and bonanza grade gold (30.27 g/t) and silver mineralisation, all of which was highly encouraging he said.

Work is now underway to assess the cost of transporting ore from Kizilcukur to the processing plant already in operation at the Kiziltepe mine.

A haulage access route to connect the trial mining area to the road network has been built with a resource estimate to be prepared on Kizilcukur ahead of a final decision.

Shares rose 5% to 2.15p. 

Quick facts: Ariana Resources PLC

Price: 2.2 GBX

AIM:AAU
Market: AIM
Market Cap: £23.31 m
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