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High-Grade Drilling Results at Tavsan
High-Grade Drilling Results at Tavsan.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n \n \n \n\n12 March 2024\nAIM: AAU\nHIGH-GRADE DRILLING RESULTS AT TAVSAN\nDrilling Campaign Completed\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce recent resource and extension drilling results from the Tavsan Project, and outline the progress of the mine development work. The project is operated via Zenit Madencilik San. ve Tic. A.S. (\"Zenit\"), in partnership with Proccea Construction Co. and Ozaltin Holding A.S. and is 23.5% owned by Ariana.\nHighlights:\n· Tavsan drilling campaign is now complete, with 10,285.7 metres, comprising 112 diamond drillholes drilled since November 2022.\n· Best intercepts from the last batch of results include:\no TAV-D054-23 12.6m @ 4.61g/t Au + 9.11g/t Ag from 214.9m\n§ including 1.7m @ 9.22g/t Au + 9.83g/t Ag from 220.3m\no TAV-D053-23 9.1m @ 2.99g/t Au + 7.25g/t Ag from 69.4m\n§ including 0.9m @ 12.70g/t Au + 10.58g/t Ag from 70.4m\no TAV-D050-23 8.3m @ 2.61g/t Au + 1.63g/t Ag from 55.9m\n· 2,565 assay results have been received to date, with 569 remaining samples pending analysis at the Kiziltepe Mine Laboratory (\"KML\").\n· Resource and Reserve updates are underway following the latest results.\n· Mine construction is continuing to advance well and the Company looks forward to declaring the first production from Tavsan in the coming months.\nTo read a pdf version of the release, please click here: http://www.rns-pdf.londonstockexchange.com/rns/4279G_1-2024-3-11.pdf\nDr. Kerim Sener, Managing Director, commented:\n\"The latest drilling results from Tavsan are some of the most exciting we have ever released. High-grade mineralisation not only occurs on extensions of the North Zone near surface, but most intriguingly is now identified in the deep drilling on the project. This suggests that there may be other laterally extensive high-grade structures developed along other thrust-planes beneath the main zone of mineralisation at Tavsan. The purpose of this deeper drilling was to test this hypothesis, and these results confirm our understanding of this potential.\n\"Meanwhile mining at Tavsan remains underway at the Main Pit, with high-grade...