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Western Tethyan commences diamond drilling programme in Kosovo

Published by , Editorial Assistant
Global Mining Review,

Ariana Resources, the mineral exploration and development company with gold mining interests in Europe, has announced that Western Tethyan Resources (WTR), of which 75% is held by Ariana, has commenced a diamond drilling programme at the Hertica Project in Kosovo.

Highlights of the programme:

  • Hertica represents a newly recognised epithermal-porphyry prospect in Kosovo.
  • The prospect is defined by a large alteration system covering approximately 8 km2, with advanced argillic alteration developed over an area of approximately 4 km2.
  • The drilling programme comprises five holes over 3200 m and will focus on two main gold, copper, and molybdenum anomalies delineated by geochemistry and geophysics.
  • The exploration programme will be funded through ‘Newmont Alliance’ funds.

Dr. Kerim Sener, Managing Director of Ariana Resources, commented: “The results of the recent work at the Hertica Project are compelling. Several geological, geochemical, and geophysical factors point to the potential for a buried porphyry system, which will now be tested through an initial drilling programme.

“We are very pleased with the work completed by WTR, and the positive results of initial exploration. We are also grateful to Newmont for their efforts in assisting with the exploration undertaken to date and with the development of the drilling targets, as well as their support to proceed toward drilling this project. We look forward to receiving the result of this drilling programme in due course.”

Mentor Demi, Managing Director of WTR, added: “This represents a significant development in the WTR/Newmont/Ariana relationship, with the Newmont Alliance funding of this drilling program on this exciting project. While the initial surface exploration within the licence area is promising for an epithermal alteration system, our aim with the deep drilling programme is to test the existence of a porphyry system at deeper levels. We expect to finish the programme by the end of the year and release the results when available.”

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Diamond mining news European mining news