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Ariana Resources reveals positive sampling results from satellite project at Kepez North

Ariana has built up a track record of gold production in Turkey

Ariana Resources PLC -

Ariana Resources PLC (LON:AAU) has completed a programme of rock-saw channel sampling at Kepez North, a likely satellite feeder project for the company’s Kililtepe mine in Turkey.

Among the highlights from the results were 14.2metres at 10.77 grams per tonne gold and 93 grams silver, 10 metres at 11.45 grams gold and 73 grams silver, and four metres at 3.64 grams gold and 34 grams silver.

A larger area of highly mineralised and broken material has been identified at surface through scree sampling.

Results from Kepez are being integrated into the 2020 resource estimation for Kiziltepe, and a new drill programme is planned.

"This additional work at Kepez was required in order to confirm our resource estimation at this important, high-grade satellite for the Kiziltepe processing plant,” said Ariana’s managing director Kerim Sener.

“The in-situ grades and the widths of mineralisation reported add significant confidence to earlier work and will result in a more robust mineral resource estimate. We envisage this area being developed as a series of shallow open-pits producing ore which will be trucked approximately 14km to the Kiziltepe plant for processing."


Quick facts: Ariana Resources PLC

Price: 3.9 GBX

Market: AIM
Market Cap: £41.33 m

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