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Ariana Resources Plc
Summary
| Project: | Red Rabbit | |
|---|---|---|
| Deposit: | Kiziltepe | |
| Location: | Turkey | |
| Commodities: | Gold-Silver | |
| Date: | 10/17/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 17-10-2019: Ariana Resources Plc announces an Exploration/Drilling Update report for its Kiziltepe deposit at the Red Rabbit project. Drilling results incl. 16m @ 2.04g/t Au, 14g/t Ag from 69m. Ariana Resources plc ("Ariana" or "the Company"), the explora | |
| Resources: | (not mentioned in this report) | |
| 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 recent resource drilling results obtained from the Kiziltepe Mine ("Kiziltepe" or "the Project"). Kiziltepe is part of the Red Rabbit Joint Venture ("JV") with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. ("Zenit"). Dr. Kerim Sener, Managing Director, commented: “The latest drilling results from the Derya area continue to reinforce the continuity of mineralisation at depth and to the east along strike of the currently open-pittable reserve. The grades and widths of mineralisation encountered increase our confidence in the current resource model and also demonstrate the potential for a further extension of the open-pit to the east and/or mining by underground methods in the future. It is also apparent that the area between Derya and Arzu North contains several other gold-silver mineralised veins, some showing potential to be economic. Mining activities have recently commenced at Derya, so these results represent important and timely additions to our knowledge-base.” | |
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