Business
Drilling Completed at Kizilcukur
Drilling Completed at Kizilcukur.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n28 November 2023\nAIM: AAU\nDRILLING COMPLETED AT KIZILCUKUR\nA strong set of results from the Kizilcukur drilling programme\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 positive results from a recent drilling programme at the Kizilcukur Project (\"Kizilcukur\" or \"the Project\") of the Kiziltepe Sector. Kizilcukur is part of 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● Resource infill and extension drilling programme has been completed, testing all three main zones of mineralisation, identifying potential extension zones.\n \n● Initial results of drilling include:\n \n6.0m @ 4.75g/t Au + 135.2g/t Ag\n7.3m @ 2.43g/t Au + 36.3g/t Ag\n4.5m @ 3.76g/t Au + 17.7g/t Ag\n \n● Process metallurgical testwork of the Kizilcukur mineralisation yields an average gold recovery of 97%, significantly higher than Kiziltepe.\n \n● A rock-chip sampling programme designed to test the extensions to outcropping zones returned grades up to 15.47g/t Au.\n \n● Re-analysis of historic core samples confirms the historic gold grades.\n \nDr. Kerim Sener, Managing Director, commented:\n\"This is a great set of results from the Kizilcukur drilling programme. The vein system has now been sufficiently well tested for the Zenit mining team and the incoming data is continuing to demonstrate the continuity of gold and silver mineralisation in many of the areas tested. The Zenit team have commenced the detailed work to bring Kizilcukur into the Kiziltepe Sector mining plan. \n\"At this stage, we are confident that Kizilcukur will yield a small, high-grade resource capable of being converted to a reserve, which will augment the ongoing operations at Kiziltepe. Metallurgically the ore performs very well with exceptionally high gold recovery, which is in part the result of nuggety free-gold. We expect Kizilcukur will be operated as a satellite mine to Kiziltepe within the next eighteen months.\"\nThe information contained within this announcement is dee...