Business
Current Exploration & Development at Kiziltepe
Current Exploration & Development at Kiziltepe.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n \n \n \n \n\n15 August 2023\nAIM: AAU\nCURRENT EXPLORATION & DEVELOPMENT AT KIZILTEPE\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce the results of recent exploration and development work conducted at Kiziltepe (\"Kiziltepe\" or \"the Project\"). The Kiziltepe Project is operated via Zenit Madencilik San. ve Tic. A.S. (\"Zenit\") in partnership with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.\nHighlights:\n● Recent drilling undertaken at the Kiziltepe Sector has defined the likely economic limits of the known vein systems.\n● Drilling remains underway at Karakavak, with progression onto Kepez and with a separate programme ongoing at Kizilcukur.\n● Targets defined following a recent Induced Polarisation (IP)/Resistivity survey will become the focus of further drilling across the Kiziltepe Sector.\n● Opportunities to further extend mine life to nine years, through to 2025, and potentially beyond are being assessed.\n \nTo read a pdf version of the release, please click here: http://www.rns-pdf.londonstockexchange.com/rns/2699J_1-2023-8-14.pdf\nDr. Kerim Sener, Managing Director, commented:\n\"Kiziltepe currently remains our most important mining operation pending the successful commissioning of Tavsan which is currently under construction. Meanwhile, we have been working with the Zenit team to define further resource upside in the vicinity of the Kiziltepe operation. Successive drilling programmes conducted in recent years have already yielded success, extending mine life at a time when milling capacity was doubled. We are now looking to identify additional resources in the wider area and at several satellite locations such as Kizilcukur and Ivrindi. In addition, we remain excited by the potential for further discovery at Kepez, and we are now preparing for a new drilling programme to test this area appropriately. Road building for the drill rig is underway and we are looking to initiate the drilling programme in this location as soon as possible once drilling concludes at Karakavak. \nMeanwhile, drilling at Kiziltepe specifically has te...