Ariana Resources announces high-grade drilling results at Turkey gold project

The project is operated via Zenit Madencilik San. ve Tic. A.S., in partnership with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.

Highlights:

• Tavsan drilling campaign is now complete, with 10 285.7 m, comprising 112 diamond drillholes drilled since November 2022.
• Best intercepts from the last batch of results include:
  • TAV-D054-23 12.6 m @ 4.61 g/t Au + 9.11 g/t Ag from 214.9 m
    • including 1.7 m @ 9.22 g/t Au + 9.83 g/t Ag from 220.3 m
  • TAV-D053-23 9.1 m @ 2.99 g/t Au + 7.25 g/t Ag from 69.4 m
    • including 0.9m @ 12.70g/t Au + 10.58g/t Ag from 70.4 m
  • TAV-D050-23 8.3 m @ 2.61 g/t Au + 1.63 g/t Ag from 55.9 m
• 2565 assay results have been received to date, with 569 remaining samples pending analysis at the Kiziltepe Mine Laboratory.
• Resource and Reserve updates are underway following the latest results.
• Mine construction is continuing to advance well and the company looks forward to declaring the first production from Tavsan in the coming months.

Dr. Kerim Sener, Managing Director, commented:

“The latest drilling results from Tavsan are some of the most exciting we have ever released. High-grade mineralisation not only occurs on extensions of the North Zone near surface, but most intriguingly is now identified in the deep drilling on the project. This suggests that there may be other laterally extensive high-grade structures developed along other thrust-planes beneath the main zone of mineralisation at Tavsan. The purpose of this deeper drilling was to test this hypothesis, and these results confirm our understanding of this potential.

“Meanwhile, mining at Tavsan remains underway at the Main Pit, with high-grade material being stockpiled preferentially. The production of the first gold at Tavsan will be derived from this high-grade material. Other construction activities are both ongoing and on schedule, with further updates on progress to be provided in future announcements.

“We are continuing to update our geological model based on the new data, which is contributing towards a revised Mineral Resource Estimate. This in turn will be used to update our production targets and development plans for 2024. We expect to release the results of the new estimation before the end of this month.”

Read the article online at: https://www.globalminingreview.com/mining/13032024/ariana-resources-announces-high-grade-drilling-results-at-turkey-gold-project/