Ariana Resources announces drilling results for Turkey gold project

Ariana Resources plc, the AIM-listed mineral exploration and development company…


Ariana Resources plc, the AIM-listed mineral exploration and development company with gold mining interests in Europe, has announced positive results from the 4Q23 drilling programme at the Kizilcukur Project in Turkey, of the Kiziltepe Sector.

Kizilcukur is part of Zenit Madencilik San. ve Tic. A.S., in partnership with Proccea Construction Co. and Ozaltin Holding A.S. where 23.5% is owned by Ariana.

Highlights:

  • All results for the resource infill and extensional drilling programme have been received, testing all three main zones of mineralisation and identifying potential extension zones.
  • Significant results of the drilling programme include:
    • 1.9 m @ 30.56 g/t Au + 37.7 g/t Ag
    • 17.2 m @ 1.99 g/t Au + 153.4 g/t Ag
    • 2.9 m @ 9.62 g/t Au + 25.3 g/t Ag
  • BoxScan core-scanning technology of key drill holes is underway to aid the development of an improved geological model.
  • New drilling programme is planned for 2024 to test vein extensions and wider exploration in the Kizilcukur project area.

Dr. Kerim Sener, Managing Director, commented:

“We are very pleased with this set of final results from the 2023 Kizilcukur drilling programme, as it bodes well for the work currently underway on our revisions to the geological model and ultimately the updated resource. We particularly note several very high-grade gold and silver intercepts at depth on the Zeki Vein which suggest that the mineralisation does have further depth potential. The most interesting result is the 17 m intercept at almost 2 g/t gold and 150 g/t silver (circa 3.7 g/t gold equivalent) from 14 m downhole depth on the Zafer Vein. This is a vein that was not particularly well drill-tested previously and represented part of the Inferred Resource. We are now confident that this vein demonstrates further potential along strike and at depth.

“We are now planning a further drilling programme of up to 3500 m to continue to test the strike and depth extents of the Zafer and Ziya veins, in particular. With over 1200 m strike length of veins now tested with drilling at Kizilcukur, and with gold and silver mineralisation recorded to a maximum vertical depth from surface of over 100 m, Kizilcukur is continuing to shape up very well as a potential source of satellite feedstock for the Kiziltepe Sector. Drill spacing has already been reduced to an average of 20 m laterally and 25 m vertically, which is sufficient for conversion of most of the Resource to the Measured category.

“Looking ahead, Zenit are currently working on a plan to mine and truck ore from the Zeki Vein at Kizilcukur for processing at Kiziltepe within the next 18 months, based on the current Measured part of the Mineral Resource. We look forward to updating the market on those developments and the 2024 drilling programme for Kizilcukur.”

Read the article online at: https://www.globalminingreview.com/mining/23022024/ariana-resources-announces-drilling-results-for-turkey-gold-project/





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