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Kizilcukur Drilling and New Geophysical Targets
Kizilcukur Drilling and New Geophysical Targets.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n \n \n \n\n24 July 2023\nAIM: AAU\nKIZILCUKUR DRILLING AND NEW GEOPHYSICAL TARGETS\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 positive results from an airborne magnetic survey and the commencement of drilling at the Kizilcukur Project (\"Kizilcukur\" or \"the Project\") of the Kiziltepe Sector. Kizilcukur is part of 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● Resource infill and extension drilling programme has commenced, following the receipt of new forestry permits.\n \n● An automated multi-sensor core scanner (BoxScan) was used to obtain digital logging data on the historical Kizilcukur drill core to assist in the building of a revised 3D model.\n \n● An airborne magnetic survey has better defined the controlling structures of the Kizilcukur vein system.\n \n● New potential gold mineralisation zones have been identified along strike of the known veins.\n\nTo read a pdf version of the release, please click here: http://www.rns-pdf.londonstockexchange.com/rns/8820G_1-2023-7-23.pdf\nDr. Kerim Sener, Managing Director, commented:\n\"Following the completion of the data processing and analysis of our recent airborne magnetic survey, the receipt of forestry permits over several target areas, and the detailed multi-sensor scanning of about 2,500m of historical drill core, we are commencing a new resource drilling campaign at the Kizilcukur Project. Up to 3,000m of drilling has been planned and the programme will be managed jointly by the Ariana and Zenit teams. The programme will progress in an iterative manner, with each drill hole informing the final planning of each subsequent hole. This is to ensure optimal targeting and capital efficiency.\nUltimately, we expect to define a high-grade Reserve at this satellite project capable of being mined by open-pit methods and then trucked to the Kiziltepe processing plant. The current global Mineral Resource Estimate across Measured, Indicated and Inferred categories is c. 21,100 oz gold (...