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Ariana Resources Plc
Summary
| Project: | Red Rabbit | |
|---|---|---|
| Deposit: | Tavsan | |
| Location: | Turkey | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 9/9/2019 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 9-9-2019: Ariana Resources Plc announces an Exploration/Drilling Update report for its Tavsan deposit at the Red Rabbit project. Drilling results incl. 4m @ 1.46g/t Au, 3.8g/t Ag, 0.45% Cu from 1m. Ariana Resources plc ("Ariana" or "the Company"), the exp | |
| 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 operating in Turkey, is pleased to announce a positive update for the Tavsan Project ("Tavsan" or "the Project"). 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"). Dr. Kerim Sener, Managing Director, commented: "Our exploration team has remained highly active across the Company's portfolio and we are particularly pleased to announce the latest results from the Tavsan Project. The latest discovery shows that there is significant potential for the project to yield additional resources. Furthermore, work on the Feasibility and EIA is continuing successfully and we are looking forward to completing these studies in the coming months. Drilling undertaken for the purposes of the EIA earlier this year has been completed, although certain resource drilling was postponed and will instead be replaced by a rock-saw channel programme over the primary resource areas, commencing in late September. We are very encouraged by new discoveries of mineralisation outside of the initial mine plan, as these indicate that there is further scope to grow the Tavsan Project." | |
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