Business
Due Diligence Drilling Commences in Zimbabwe
Due Diligence Drilling Commences in Zimbabwe.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n \n \n \n\n22 November 2023\nAIM: AAU\nDUE DILIGENCE DRILLING COMMENCES IN ZIMBABWE\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to provide an update on the Dokwe Gold Project of Rockover Holdings Limited (\"Rockover\"), in which Ariana has acquired a 1.3% interest and project exclusivity through the Asgard Metals Fund (\"Asgard\"). The Company has commenced a due diligence drilling programme on the asset, while the Company considers further involvement in the project. Please see www.asgardmetals.com.au for more information.\nHighlights:\n· Up to 1,500m of diamond drilling planned to test two significant resources at Dokwe North and Dokwe Central.\n· Dokwe Gold Project contains c.1.3Moz gross in JORC Measured, Indicated and Inferred Resources*.\n· Significant historic intercepts for Dokwe North include: \no 8m @ 197.22g/t Au (inclusive of a 1m intercept of 1,568 g/t)\no 14m @ 54.75g/t Au\no 85m @ 5.23g/t Au, including 15m @ 13.64g/t Au \n· Significant historic intercepts for Dokwe Central include:\no 49m @ 4.42g/t Au\no 27m @ 6.53g/t Au\no 57m @ 2.72g/t Au, including 17m @ 5.91g/t Au\n· An extensive historical data review is underway by the Ariana team, utilising the Company's exploration technology and specialist teams.\n* Stated gross with respect to Rockover Holdings Limited of which Ariana holds 1.3%. The resources quoted includes Dokwe North and Dokwe Central.\nDr. Kerim Sener, Managing Director, commented:\n\"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. \n\"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 min...