Business
EXCELLENT RESULTS FROM KIZILCUKUR DRILLING
EXCELLENT RESULTS FROM KIZILCUKUR DRILLING.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1086M Ariana Resources PLC 18 January 2016 \n\n \n18 January 2016\nAIM: AAU\n \n \nARIANA RESOURCES\n \nEXCELLENT RESULTS FROM KIZILCUKUR DRILLING\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and development company operating in Turkey, is pleased to announce the results of its drilling programme, completed during November, at the Kizilcukur Project, which is located approximately 22km to the northeast of its Kiziltepe Mine. Kizilcukur is located outside of the Red Rabbit joint venture with Proccea Construction Co. and is 100% owned by Ariana. \n \nHighlights:\n \n· 1,598 meters of new Reverse Circulation (\"RC\") drilling identifies high-grade and near surface zones of mineralisation within the Kizilcukur vein system; all intercepts hit mineralisation within less than 60m from surface.\n \n· Best infill intercepts include, 8m @ 7.6g/t Gold + 194g/t Silver, 5m @ 3.5g/t Gold + 263g/t Silver and 11m @ 1.3g/t Gold + 73g/t Silver. \n \n· 76 meters of rock-saw channel sampling also completed, with best results of 2.0m @ 10.5g/t Gold + 455g/t Silver, 2.7m @ 4.4g/t Gold + 229g/t and 2.5m @ 3.1g/t Gold + 177g/t Silver.\n \n· New drilling data permits refinements to the geological model and will enable a revision of the JORC resource for Kizilcukur in order to assess its potential as a satellite operation to the Kiziltepe Mine.\n \n \nDr. Kerim Sener, Managing Director, commented: \n \n\"We are very pleased with the results of the drilling programme, which demonstrate the potential of the Kizilcukur Project to contain a resource that may become a higher-grade satellite operation to the Kiziltepe Mine, which is in construction. The results have confirmed previous work and show that the highest gold and silver grades are encountered within 30m of surface, which is particularly encouraging when considering that open-pit mining is also envisaged at this location. Future drilling will need to concentrate on a specific level within the vein system to demonstrate the full strike potential of this resource area. We expect to continue to improve the resource at this project through further ...