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Ariana Resources plc : EXTENSIVE RESOURCE TARGE...
Ariana Resources plc : EXTENSIVE RESOURCE TARGE....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Ariana Resources plc : EXTENSIVE RESOURCE TARGETS AT TAVSAN GOLD PROJECT13 June 2017AIM: AAUEXTENSIVE RESOURCE TARGETS AT TAVSAN GOLD PROJECTAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company operating in Turkey, is pleased to announce the completion of resource-focused target assessments for the Tavsan Gold Project (\"Tavsan\" or \"the Project\"). Tavsan is part of the Red Rabbit Joint Venture with Proccea Construction Co. and is 50% owned by Ariana.Please click on the link below in order to view the announcement to include Figures: http://hugin.info/138153/R/2112706/803561.pdf Highlights:Extensive new geochemical target areas identified across Tavsan, demonstrating clear potential for resource growth. Six significant target areas confirmed with some containing significant drill intercepts including 6m @ 3.37g/t Au + 3.67g/t Ag and 9m @ 1.30g/t Au + 4.32g/t Ag within c.20m from surface. A new discovery, referred to as the South Zone, appears to represent a structural repeat of the Main Zone resource area, though is partly obscured by cover rocks. Company completing a new assessment of the current Tavsan resource estimate (215,000 oz gold equivalent) based on improved geological understanding.Dr. Kerim Sener, Managing Director, commented: \"The Tavsan Gold Project has continued to demonstrate substantial opportunity for further resource growth. This new soil geochemical survey has identified a number of areas that require drill testing for the first time or which specifically require resource drilling. Some of these areas are known to contain mineralised jasperoid and are dotted with old antimony workings. We are confident that such areas will also host high-grade gold and silver mineralisation. Recent work completed by the Company has also demonstrated the potential to better characterise the current resource, improving our confidence in those parts of the resource that are located within the optimised pit shells of our scoping study. The impact of this work is significant, including a probable substantial reduction in the drilling required to convert Inferred Resources to Indicated Resources. In turn, this will enable the Company to fast-track its internal Feasibility Study on Tavsan during 2017 cost-efficiently.\...