Business
GENERAL PROJECTS UPDATE
GENERAL PROJECTS UPDATE.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n 23 June 2022\n \n \n AIM: AAU\n \n \n \n GENERAL PROJECTS UPDATE\n \n \n \n Ariana Resources plc (\"Ariana\" or the \"Company\"), an AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce a general update on its projects across all areas of current activity.\n \n \n \n Highlights:\n \n \n \n ·\n Tavsan project development is being transitioned into the construction stage, and a revised Mineral Resource Estimate and Feasibility Study is underway.\n \n \n ·\n Simultaneous diamond drilling programmes underway at Kiziltepe, for up to c. 14,000m, and at Salinbas, for an extended programme which will involve several drilling rigs.\n \n \n \n ·\n Western Tethyan Resources undertaking fieldwork across its licences in Kosovo and evaluating several other projects in south-eastern Europe in conjunction with Newmont.\n \n \n ·\n Venus' exploration and development work in Cyprus is ongoing and preparations for its IPO are continuing.\n \n \n \n ·\n Asgard Metals Fund investee companies are currently undertaking various geochemical and geophysical exploration programmes and drilling, with the aim of identifying new mineral resources.\n \n \n ·\n New office facilities have been opened in Ankara, from which the Company's core geoscientific team will operate globally.\n \n \n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \n \n \"Significant progress is being made across the Company's projects and interests in south-eastern Europe and further afield. Most notably, we are advancing into the construction stage of the Tavsan Project and associated development activities are being ramped up. Tavsan will become the second mine developed by Ariana through its interests in Zenit Madencilik in Turkey. \n \n \n \n \n \"New and extended exploration and resource drilling programmes are continuing at both Kiziltepe and Salinbas and Kiziltepe remains on track to deliver its production target of c. 25,000oz gold for the year. The Company is also advancing a strategy to secure 100% owned exploration projects in eastern Turkey following the work of the Project Leopard team. While Ariana continues to diversify its investments and operations, providing a derisked investment for prospective shareholders, we believe that ...