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Ariana Resources announces Arzu South drilling results

Published by
Global Mining Review,


Ariana Resources plc, an AIM-listed mineral exploration and development company with joint-venture (JV) gold mining operations in Europe, has announced recent and substantial resource drilling results obtained from the Arzu South area of the Kiziltepe Mine. Kiziltepe is part of the Zenit Madencilik San. ve Tic. A.S. JV with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.

Highlights

  • New significant intercepts within the Arzu South area include:
    • 13.9 m at 1.67 g/t gold (Au) and 17.5 g/t silver (Ag).
    • 8.2 m at 2.49 g/t Au and 43.5 g/t Ag.
    • 5 m at 2.70 g/t Au and 27.6 g/t Ag.
  • Full Kiziltepe mineral resource estimation update study based on the drilling completed up to the end of June 2021 now underway.
  • Remaining Arzu South resource to be assessed for extraction via an expanded opencast along strike and to greater depth.

Dr Kerim Sener, Managing Director, commented: These drilling results have confirmed the opportunity to expand the opencast at Arzu South, particularly at the NW end and also at further depth. Some of the deeper drilling undertaken at Arzu South this year aimed to provide further definition to some higher-grade mineralised shoots, though the continuity to depth of these is now considered less likely. We are, however, very encouraged to see the opportunities for pit expansion and to bring Arzu South back into operation. Being the highest-grade vein system overall at Kiziltepe, this is an important development. Further work, including engineering, will be undertaken following the completion of an updated mineral resource estimate. Encouragingly, we have both identified and confirmed the presence of additional narrow but potentially higher-grade veins in both the hanging wall and footwall of the main Arzu South vein, which furthers the opportunity to build an enhanced resource.

After having received additional permits at Kiziltepe, the JV has determined to further extend its drilling programme. The drill rig is currently completing an expanded programme of drilling at Kepez, following which it will be returned to Kiziltepe to continue drilling at Arzu North and Derya, within the newly named 'Parallelogram' target area.

Read the article online at: https://www.globalminingreview.com/exploration-development/17082021/ariana-resources-announces-arzu-south-drilling-results/

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