Ariana announces high-grade drilling results for Turkish gold project
Ariana Resources, an exploration and development company with gold mining operations in Turkey, is pleased to announce its drilling results for the Kizilcukur Project. Kizilcukur, which is 100% owned by Ariana, is located 22km to the northeast of the Kiziltepe Mine and is outside of the Red Rabbit Joint Venture ("JV") with Proccea Construction Co.
Near surface in-fill resource drilling results from the Zeki vein at Kizilcukur include: 6.0m @ 4.21 g/t Au + 205.9 g/t Ag, 5.3m @ 4.04 g/t Au + 171.9 g/t Ag and 6.4m @ 3.44 g/t Au + 89.3 g/t Ag.
Bonanza grade mineralisation was encountered in one hole, yielding 0.9m @ 30.27 g/t Au + 184.0 g/t Ag (32.9 g/t Au equivalent) in a footwall vein not previously drill-tested.
Majority of the high-grade results occur over c. 130m of strike to a depth of at least 40m; true widths of veins are c. 3-4m.
Dr. Kerim Sener, Managing Director of Ariana Resources, commented:
"The latest drilling results from Kizilcukur confirm the potential to establish a satellite source of high-grade ore for the Kiziltepe processing plant. The mineralisation encountered within the top 40m of the Zeki vein system shows sufficiently high grades and widths to support an open pit operation. The occurrence of coarse gold and bonanza grade gold and silver mineralisation in places is highly encouraging.
During Q3 2019 we are expecting to conclude our assessments on the feasibility of hauling ore from Kizilcukur to the Kiziltepe processing plant as part of a bulk processing trial. In anticipation of this, we have already completed the construction of a low-gradient haulage road connecting the trial mining area to the existing road network, enabling excellent access to the site. In addition, we will prepare a revised Mineral Resource estimate upon which we can make appropriate decisions about the future of the project. We expect that Kizilcukur will be an attractive addition to the JV operations, due to the high grades and gold recoveries that have been demonstrated in recent work.”