Ariana Resources commences due diligence drilling in Zimbabwe

The company has commenced a due diligence drilling programme on the asset, while it considers further involvement in the project.

Highlights:

• Up to 1500 m of diamond drilling planned to test two significant resources at Dokwe North and Dokwe Central.
• Dokwe Gold Project contains c.1.3 Moz gross in JORC Measured, Indicated and Inferred Resources.
• Significant historic intercepts for Dokwe North include:
  • 8 m @ 197.22 g/t Au (inclusive of a 1 m intercept of 1568 g/t)
  • 14 m @ 54.75 g/t Au
  • 85 m @ 5.23 g/t Au, including 15 m @ 13.64 g/t Au
• Significant historic intercepts for Dokwe Central include:
  • 49 m @ 4.42 g/t Au
  • 27 m @ 6.53 g/t Au
  • 57 m @ 2.72 g/t Au, including 17 m @ 5.91 g/t Au
• An extensive historical data review is underway by the Ariana team, utilising the company’s exploration technology and specialist teams.
• Stated gross with respect to Rockover Holdings Limited of which Ariana holds 1.3%. The resources quoted includes Dokwe North and Dokwe Central.

Dr. Kerim Sener, Managing Director, commented:

“We are excited to report the commencement of our highly anticipated due diligence drilling programme on the Dokwe Gold Project in Zimbabwe, as previously announced to the AIM market on 13 November. This represents a compelling and unique opportunity for the company as we advance on our strategy to become a multi-asset, multi-jurisdiction gold and copper-focused mid-tier mining enterprise.

“Building on the operational base we have established in Turkiye with strong and experienced local partners, we are making strides to expand our portfolio with the potential addition of the Dokwe Gold Project. This project represents a potential bulk-tonnage mining opportunity upon which a positive pre-feasibility study has been delivered and which could be advanced to feasibility in the near term.

“At this stage, we see potential at Dokwe to identify further resources in the vicinity and to develop a multi-decade mining opportunity in Zimbabwe. This due diligence drilling represents an essential first step to verify the historical exploration data and to add to our understanding of the opportunity before we advance discussions with Rockover with respect to the asset.”

Read the article online at: https://www.globalminingreview.com/mining/22112023/ariana-resources-commences-due-diligence-drilling-in-zimbabwe/