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Further Gold Discovery at Salinbas
Further Gold Discovery at Salinbas.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6247Y Ariana Resources PLC 07 December 2017 \n\n \n \n \n \n \n \n7 December 2017\nAIM: AAU\n \nFURTHER GOLD DISCOVERY AT SALINBAS\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company operating in Turkey, is pleased to announce the results of recent exploration across the Hot Gold Corridor and within its wholly-owned 1 Moz Salinbas Gold Project (\"Salinbas\" or \"the Project\"). The Hot Gold Corridor is named after the 4 Moz Hot Maden Au-Cu deposit, located approximately 4 km south of the Project licences. \n \nHighlights: \n \n· Significant c.550 x 150m zone of precious and base-metal anomalism discovered at Salinbas North.\n \n· Peak results in soils include: 3.83 g/t Au + 108 g/t Ag, 2.97 g/t Au + 94 g/t Ag and 1.67 g/t Au + 91 g/t Ag.\n \n· Several precious and base-metal enriched extensions of the existing Salinbas resource demonstrate potential for further resource growth. \n· Outstanding silver grades of up to 505 g/t with significant base-metal potential demonstrated in previous drilling at Salinbas, including: \no 1.4m @ 24.9% Zn + 20.0% Pb + 0.23% Cu + 0.76 g/t Au + 505 g/t Ag \no 11.5m @ 1.8% Zn + 1.6% Pb + 3.29 g/t Au + 29 g/t Ag \n· Ample funds available for follow-up work during 2018, with other exploration and development spend across the portfolio expected to be supported from cash-flow.\n \nDr. Kerim Sener, Managing Director, commented: \n \n\"Salinbas already contains a JORC resource of c. 1 Moz gold. The latest exploration has demonstrated opportunities both within and outside of known areas to further grow the resource. The Salinbas Zone extends to the northeast and also to the southwest, with potential for both precious and base-metals. The new discovery of Salinbas North also demonstrates that Salinbas is not an isolated zone of mineralisation and that considerable potential exists for other \"Salinbas-type\" deposits to be discovered in the vicinity along prospective geological horizons. At the Ardala Zone, impressive previous drill intercepts from surface including 135m @ 2.28 g/t Au...