Ariana Resources , the gold exploration company focused on Turkey, announced results from seven reverse circulation drill holes completed on the Banu Vein. The Banu Vein is one of many gold-silver veins located within the Kiziltepe gold prospect. Highlights included 3.81 grams per tonne over six metres, 3.78 grams per tonne over seven metres and 2.58 grams per tonne over seven metres.
Dr. Kerim Sener, Managing Director, commented:
"The recent drilling on the Banu Vein has confirmed our expectations of the mineralisation at this location and we expect that an initial JORC compliant resource will be established here soon. We have scheduled further drilling to start in late February, which will test a 200m strike extension of the vein that has only been channel sampled to date. This additional drilling is now warranted to confirm the potential of this vein to yield a viable resource.
"The Company has also taken the decision to extend the diamond drilling programme by up to 1,500m to test new target areas on the Kiziltepe prospect, whilst the economic options for Kiziltepe are being evaluated. This extended drilling is additional to the 2,500m announced last month. Geophysical testing is also underway to assist in the definition of possible 'blind' targets and will be used more extensively if the geophysical results are proven positive by drilling.
"These results further support our expectation that the Sindirgi Project will prove to be economic and we will update the JORC resource figures at the end of the first quarter".