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Ariana Resources Plc
Summary
| Project: | Kizilcukur | |
|---|---|---|
| Deposit: | Kizilcukur | |
| Location: | Turkey | |
| Commodities: | Silver-Gold | |
| Date: | 5/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2020: Ariana Resources Plc announces a Resource Estimation report for its Kizilcukur deposit at the Kizilcukur project. Updated Mineral Resource Estimate for Project. Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and de | |
| Resources: | (Resources, Total): 255kt @ 2.57g/t Au, 75.01g/t Ag | |
| CP/QP: | [Resource]: Ruth Bektas (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and development company operating in Europe, is pleased to announce an update of its JORC compliant Mineral Resource Estimate for the Kizilcukur Project ("Kizilcukur" or "the Project"). Kizilcukur is 100% owned by Ariana through its subsidiary Galata Madencilik San. ve Tic. Ltd. in Turkey. Following the completion of a diamond drilling programme during the winter of 2018-19, for a total of 745.8 meters, the geological teams at Ariana in conjunction with consultants Coffey, a Tetra Tech Company, undertook a new resource estimate for Kizilcukur. The recent diamond drilling coupled with all previous drilling and channel sampling results on the veins at Kizilcukur were used for the estimation (Figure 1). The new Kizilcukur JORC 2012 compliant Mineral Resource estimate is based on 30 diamond, 26 Reverse Circulation ("RC") and 26 rock-saw channels, representing a total of 4,229.35 m of sampling. Ariana completed the wireframe geological modelling of the mineralisation zones in Leapfrog (see JORC Table 1). Several vein zones were modelled from the sectional interpretations, which are orientated NW and typically dip steeply at up to 85 degrees towards the southwest (Figure 1) comprising three main areas, Zeki, Ziya and Zafer. | |
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