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Further Positive Drilling Results at Kiziltepe ...
Further Positive Drilling Results at Kiziltepe ....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Further Positive Drilling Results at Kiziltepe Sector of the Red Rabbit Gold Project23 July 2012AIM : AAUADDITIONAL POSITIVE DRILLING RESULTS AT KIZILTEPEAriana Resources plc (\"Ariana\" or \"the Company\"), the gold exploration and development company focused on Turkey, is pleased to report further encouraging exploration results from its drilling programme at the Kiziltepe Sector of the Red Rabbit Gold Project in Western Turkey.Highlights:Drilling focused on the Gamze and Fidan vein systems, which lie between the planned pits at Arzu South and the Banu. Initial drilling of the Gamze vein system has yielded encouraging results including: 2.05m @ 9.57 g/t Au + 146.22 g/t Ag (12.23 g/t Au equiv.) 4.00m @ 2.59 g/t Au + 38.25 g/t Ag (3.29 g/t Au equiv.) Several low to moderate grade, shallow depth intercepts have been returned from the Fidan vein system, including: 1.00m @ 4.53 g/t Au + 5.3 g/t Ag (4.44 g/t Au equiv.) 1.00m @ 2.88 g/t Au + 43.60 g/t Ag (3.67 g/t Au equiv.) Dr. Kerim Sener, Managing Director, commented:\"The results obtained from the drilling of the Gamze and Fidan structures demonstrate unequivocally the potential for the new vein systems recently identified on Kiziltepe to yield potentially economic grades over considerable strike. Having announced bonanza gold and silver grades from the Derya vein which is located between the Arzu South and Arzu North veins at Kiziltepe in May, we are very pleased to report on these further encouraging grades as we progress towards production at our Red Rabbit Gold Project.\"This initial drill testing will need to be followed up, particularly along the Gamze structure, to determine the potential for additional resources that could complement our planned gold mining operation at Kiziltepe. I look forward to providing further updates in this regard in due course.\"Drilling ProgrammeA field team from the Company's Turkish operating subsidiary, Galata Madencilik San. ve Tic. Ltd. Sti. ('Galata'), have supervised the completion of a WL-76 diamond drilling programme on the Kiziltepe deposit using its in-house drilling team. Ahead of commencing the drilling programme, Galata obtained all necessary environmental and forestry approvals from the provincial government in Balikesir and the State Government in Ankara. The drilling ...