logo-loader
viewAriana Resources PLC

Ariana Resources reveals high gold recovery tests for Kizilcukur project

"We are delighted that the latest work at Kizilcukur continues to highlight the potential for the project to become a satellite source of ore for the Kiziltepe Mine,” said Dr Kerim Sener, Ariana managing director

gold bars
A 7.4 tonne sample yielded recovery rates between 83% and 92%

Ariana Resources plc (LON:AAU) has provided investors with an update from its wholly owned Kizilcukur project, in Turkey.

The project is located some 22 kilometres from the Kiziltepe mine, which is part of the Red Rabbit joint venture project.

READ: Ariana is moving on to the second phase of development

It revealed that metallurgical test of previously gathered bulk sampling material has demonstrated high gold recoveries – a 7.4 tonne sample yielded recovery rates between 83% and 92%, Ariana said.

The precious metal content was measured up to 7.7 grams per tonne for gold and 160 grams per tonne silver, averaging 3.8 grams per tonne and 136 grams per tonne.

Trial mining last year produced an initial 4,000 tonnes of material which is currently stockpiled on site, and further trial mining planned for 2018/19.

It highlighted that the Kizilcukur vein system has potential to extend across an area of 2.3km x 0.3km, and, that mineralization has been encountered separately in the northeast part of the licence area.

Ariana has now kicked off a new revised economic study to consider the viability of mining and trucking of the Kizilcukur ore to the Kiziltepe plant.

"We are delighted that the latest work at Kizilcukur continues to highlight the potential for the project to become a satellite source of ore for the Kiziltepe Mine,” said Dr Kerim Sener, Ariana managing director.

“Recent metallurgical tests demonstrate that the Kizilcukur ore responds well to the leach conditions utilised within the Kiziltepe processing plant, with very high gold recovery.”

He added: “The company is planning further work across this licence area during 2018 and is looking forward to updating the market in due course."

Quick facts: Ariana Resources PLC

Price: 5.42 GBX

AIM:AAU
Market: AIM
Market Cap: £57.43 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ariana Resources PLC named herein, including the promotion by the Company of Ariana Resources PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

'Still plenty of buying opportunity for gold' despite Fed rate hike uncertainty'

Mining Capital's Alastair Ford tells Proactive's Andrew Scott that despite gold still being on the slide it could turn at any moment if a trade war boils over . He says gold has now begun the slow slide that was always inevitable in a rising interest rate environment. On 28 June the...

on 29/6/18

2 min read