Ariana Resources plc, the AIM-listed exploration and development company operating in Europe, announces the completion of its resource sampling programme for the Tavsan Gold Project in Turkey.
Tavsan is part of the Red Rabbit Joint Venture with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. ("Zenit")*.
Highlights:
156 surface rock-saw channel lines were completed across Tavsan, significant results including#:
18.2m @ 5.03g/t Au + 2.1g/t Ag
9.9m @ 6.08 g/t Au + 2.4g/t Ag
31.3m @ 1.85g/t Au + 0.9g/t Ag
Significant results supporting a potential conversion of the JORC Exploration Target at Tavsan South to Inferred Resources, include:
3.5m @ 9.28g/t Au + 30.5g/t Ag
4.5m @ 4.30g/t Au + 5.3g/t Ag
5.0m @ 1.72g/t Au + 5.3g/t Ag
Over 60 outcrop locations sampled which will be incorporated in to the next resource estimation for Tavsan, scheduled for completion during Q2 2020.
Follow-up infill resource drilling programme planned for the next phase of project development.
Dr. Kerim Sener, Managing Director, commented:
“These results reflect extremely positively on the resource-focused work we have been undertaking at Tavsan. They demonstrate that the sampled areas of outcropping mineralised jasperoid are typically higher grade than the overall resource. Some of these results are exceptional, such as 18.2m @ 5.03 g/t Au, suggesting that there is an opportunity to identify several rich zones of structurally-controlled mineralisation within the orebody as a whole, and that these higher-grade areas are likely to be encountered from surface to a depth of 10-20m below surface. We will be working on a revised mineral resource estimate for Tavsan during Q2 2020 which will form part of our mine plan for the Project, once final permits are received.”