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Ariana Resources Plc
Summary
| Project: | Red Rabbit | |
|---|---|---|
| Deposit: | Tavsan | |
| Location: | Turkey | |
| Commodities: | Gold-Silver | |
| Date: | 6/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 11-6-2020: Ariana Resources Plc announces a Resource Estimation report for its Tavsan deposit at the Red Rabbit project. Updated Mineral Resource Estimate for Project. Ariana Resources plc ("Ariana" or "the Company"), the AIM-listed exploration and develo | |
| Resources: | (Resources, M+I): 3.1Mt @ 1.91g/t Au, 5.12g/t Ag at Tavsan | |
| 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 a Joint Ore Reserves Committee ("JORC") Resource update for the Tavsan Project ("Tavsan" or "the Project") in Turkey. Tavsan 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"). Following the completion of a rock-saw channel sampling programme for a total of 1,169 metres during the summer of 2019, the geological teams at Ariana and Zenit in conjunction with consultants Coffey, A Tetra Tech Company , undertook a new Mineral Resource Estimate for Tavsan. The recent rock-saw channel sampling coupled with all previous drilling were used for the estimation. The new Tavsan JORC 2012 compliant Mineral Resource estimate is based on 84 diamond, 87 RC drill holes and 156 rock-saw channels, representing a total of 7,048 m of sampling. Ariana completed the wireframe geological modelling of the mineralisation zones in Leapfrog (see JORC Table 1, below). Several mineralised zones were modelled from the sectional interpretations and represent the most current geological data and understanding | |
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