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Ariana Resources Plc
Summary
| Project: | Salinbas | |
|---|---|---|
| Deposit: | Salinbas | |
| Location: | Turkey | |
| Commodities: | Gold | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 28-6-2018: Ariana Resources Plc announces a Resource Estimation report for its Salinbas deposit at the Salinbas project. Exploration target for Salinbas project. Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company wit | |
| Resources: | Exploration Target: 19.37Mt - 29Mt @ 2.0 - 2.5g/t Au, 10.0 - 15.0g/t Ag at Salinbas North | |
| 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 a Joint Ore Reserves Committee ("JORC") Exploration Target for its Salinbas Gold Project ("Salinbas" or "the Project"). Salinbas is located in the Hot Gold Corridor and is 100% owned by Ariana through its shareholding in Greater Pontides Exploration B.V. ("GPE"). Dr. Kerim Sener, Managing Director, commented:"We are extremely encouraged by the results of recent work completed at Salinbas during the past few months. A detailed three-dimensional model has been developed to visualise a highly prospective stratigraphic horizon at Salinbas, which, in parallel with the discovery of Salinbas North, has added significant confidence towards defining an Exploration Target in accordance with the JORC code. This model can be viewed via the following link: https://arianaresources.com/in-the-media/1178-salinbas-model"Our confidence in the potential for the Salinbas Project to host a multi-million ounce gold system in the area surrounding the Ardala Cu-Au-Mo porphyry has grown significantly during the past year. The diligent work undertaken by our exploration team in recent months, involving the meticulous relogging of over 50 drill holes, along with the associated three-dimensional modelling, has underscored this potential. We now look forward to our summer exploration programme at Salinbas, which will be focused on follow-up surface sampling to further define this prospective horizon ahead of drill testing. Permitting for drilling is underway and trial-mining of the Ardala licence is due to commence shortly, ahead of licence renewal during 2019." | |
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