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Ariana Resources Plc
Summary
| Project: | Kizilcukur | |
|---|---|---|
| Deposit: | Kizilcukur | |
| Location: | Turkey | |
| Commodities: | Gold-Silver | |
| Date: | 6/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2019: Ariana Resources Plc announces an Exploration/Drilling Update report for its Kizilcukur deposit at the Kizilcukur project. Drilling results incl. 6m @ 4.21g/t Au, 205.85g/t Ag from 2m. Ariana Resources plc ("Ariana" or "the Company"), the explor | |
| Resources: | (Resource, I+I): 308Kt @ 2.11g/t Au, 73.4g/t Ag | |
| CP/QP: | [Overall Report]: Kerim Sener (Internal) | |
| ABSTRACT: | Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company with gold mining operations in Turkey, is pleased to announce its drilling results for the Kizilcukur Project ("Kizilcukur" or "the Project"). Kizilcukur, which is 100% owned by Ariana, is located 22km to the northeast of the Kiziltepe Mine (“Kiziltepe”) and is outside of the Red Rabbit Joint Venture ("JV") with Proccea Construction Co. Diamond drilling for a total of 745.8m (for 13 holes) was completed during Q1 2019 at the Kizilcukur Project (Figure 1). All drilling was conducted within the limits of the previously optimised Zeki open pit. The primary objective of the programme was to: 1) provide in-fill drilling data for the Zeki vein at a depth of approximately 25m along the strike limit of the planned Zeki open pit and; 2) identify the potential for high grade shoots in areas not previously tested by drilling. The drilling programme confirmed the presence of high-grade mineralisation in the Zeki vein to a depth of approximately 40m below surface (Table 1). Most of these intercepts demonstrate that the true width of the vein is typically 3 to 4m, with a bonanza grade subsidiary structure showing a true width of 0.4m. A few deeper intercepts along the same structure typically showed lower grades, which is consistent with prior drilling data. This suggests that the vein system is particularly enriched in gold and silver at relatively shallow levels. In addition, two drill holes encountered old workings in the NW end of the vein at depths of 20 to 40m below surface, over intercept lengths of 1.3 to 4.5m, which are associated with vein mineralisation in the hangingwall or footwall of the mined areas. | |
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