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Ariana Resources confirms gold at Klirou Sector

Published by
Global Mining Review,


Ariana Resources plc, an AIM-listed mineral exploration and development company with gold mining interests in Europe, has announced recent drilling results obtained from the Klirou Sector of the Magellan Project, which is 100% owned by Venus Minerals Ltd. Venus is focused on the exploration and development of copper and gold assets in Cyprus and is 50% owned by Ariana.

Highlights

  • Gold confirmed to be a significant component of the Klirou depos-it.
  • Key intercepts from the new drilling at Klirou include:
    • VMD015 (135 – 157 m): 22 m at 0.72 g/t gold (Au), 0.38% copper (Cu) and 1.64% zinc (Zn).
      • Including 8 m at 1.53 g/t Au, 0.81% Cu and 3.28% Zn.
    • VMD014 (128 – 144 m): 16 m at 0.73 g/t Au and 0.34% Cu.
    • VMD014 (124 – 126 m): 2 m at 4.28 g/t Au, 2.85% Cu,+ 1.77% Zn.
    • VMD013 (114 – 128 m): 14 m at 0.64 g/t Au and 0.34% Zn.

Dr Kerim Sener, Managing Director, commented: “These initial drilling results at the Klirou Sector have confirmed the presence of significant gold within the deposit. Like Kokkinoyia, it appears there is a metal zonation at Klirou, with gold mineralisation most closely correlated with zones of zinc mineralisation. While these drilling results are preliminary and have tested only one part of the deposit, they reinforce our understanding of the Klirou VMS system. The results further suggest that future exploration needs to focus on the gold-rich zones, which have also been identified recently in several surface outcrops.

“These results also indicate that the mineralisation is likely to be more structurally controlled than previously considered, with high-grade gold mineralisation encountered along metre-wide structures; this observation will need to be taken into account in future programmes. Follow-up work at Klirou will probably involve a detailed geophysical survey, to help identify extensions to the mineralisation at depth and along strike, prior to a future round of drilling. Meanwhile, Venus is continuing to progress towards its planned IPO in London and we look forward to providing further up-dates on this in due course.”

Read the article online at: https://www.globalminingreview.com/exploration-development/21022022/ariana-resources-confirms-gold-at-klirou-sector/

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African mining news Copper mining news Gold mining news