Business
KEPEZ RESOURCE DEVELOPMENT UPDATE
KEPEZ RESOURCE DEVELOPMENT UPDATE.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n RNS Number : 4908I\n Ariana Resources PLC\n 02 April 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2 April 2020\n \n \n AIM: AAU\n \n \n \n \n \n KEPEZ RESOURCE DEVELOPMENT UPDATE\n \n \n \n \n \n Ariana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed exploration and development company operating in Europe, is pleased to announce the completion of rock-saw channel sampling at Kepez North (\"Kepez\"). Kepez is part of the Red Rabbit Joint Venture (\"JV\") with Proccea Construction Co. and is 50% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. (\"Zenit\").\n \n \n \n \n \n Highlights:\n \n \n \n \n \n · \n New rock-saw channel sampling intercepts confirm earlier results at Kepez, including:\n \n \n \n \n \n o \n 14.2m @ 10.77 g/t Au + 93 g/t Ag\n \n \n o \n 10.0m @ 11.45 g/t Au + 73 g/t Ag\n \n \n o \n 4.0m @ 3.64 g/t Au + 34 g/t Ag\n \n \n \n \n \n · \n Scree sampling grid identifies a larger area of highly mineralised and broken material at surface, with grab sample results including: \n \n \n \n \n \n o \n 36.37 g/t Au + 247 g/t Ag\n \n \n o \n 35.36 g/t Au + 200 g/t Ag\n \n \n o \n 27.00 g/t Au + 124 g/t Ag \n \n \n \n \n \n · \n Kepez is being integrated into the 2020 resource estimation for Kiziltepe and is being assessed in conjunction with associated pit optimisation studies. \n \n \n \n \n \n ·\n New drill programme has been planned to further test the Kepez resource area and forestry submissions are underway.\n \n \n \n \n \n Dr. Kerim Sener, Managing Director, commented: \n \n \n \n \n \n \"This additional work at Kepez was required in order to confirm our resource estimation at this important, high-grade satellite for the Kiziltepe processing plant. The in-situ grades and the widths of mineralisation reported add significant confidence to earlier work and will result in a more robust mineral resource estimate. We envisage this area being developed as a series of shallow open-pits producing ore which will be trucked approximately 14km to the Kiziltepe plant for processing.\"\n \n \n \n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 ...