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Ariana Resources Plc
Summary
| Project: | Red Rabbit | |
|---|---|---|
| Deposit: | Arzu North | |
| Location: | Turkey | |
| Commodities: | Gold-Silver | |
| Date: | 5/7/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 7-5-2019: Ariana Resources Plc announces an Exploration/Drilling Update report for its Arzu North deposit at the Red Rabbit project. Drilling results incl. 44.0m @ 1.50g/t Au, 17.5g/t Ag from 18m. Dr. Kerim Sener, Managing Director, commented: "These enc | |
| Resources: | (Resource, Total): 370.85Kt @ 2.0g/t Au, 13.8g/t Ag for 23854oz Au, 164348oz Ag contained | |
| CP/QP: | [Overall Report]: kerim Sener (Internal) | |
| ABSTRACT: | Dr. Kerim Sener, Managing Director, commented: "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. 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. "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 (>20m) gold and silver mineralisation encountered particularly towards the NW end of Arzu North." | |
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