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KIZILCUKUR DRILLING RESULTS
KIZILCUKUR DRILLING RESULTS.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3001B Ariana Resources PLC 06 June 2019 \n\n \n \n \n \n \n \n6 June 2019\nAIM: AAU\n \nKIZILCUKUR DRILLING RESULTS\n \nIncluding significant high-grade intercepts\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company with gold mining operations in Turkey, is pleased to announce its drilling results for the Kizilcukur Project (\"Kizilcukur\" or \"the Project\"). Kizilcukur, which is 100% owned by Ariana, is located 22km to the northeast of the Kiziltepe Mine (\"Kiziltepe\") and is outside of the Red Rabbit Joint Venture (\"JV\") with Proccea Construction Co.\n \nHighlights*:\n \n· Near surface in-fill resource drilling results from the Zeki vein at Kizilcukur include: 6.0m @ 4.21 g/t Au + 205.9 g/t Ag, 5.3m @ 4.04 g/t Au + 171.9 g/t Ag and 6.4m @ 3.44 g/t Au + 89.3 g/t Ag.\n \n· Bonanza grade mineralisation was encountered in one hole, yielding 0.9m @ 30.27 g/t Au + 184.0 g/t Ag (32.9 g/t Au equivalent) in a footwall vein not previously drill-tested.\n \n· Majority of the high-grade results occur over c. 130m of strike to a depth of at least 40m; true widths of veins are c. 3-4m.\n \n· Coarse-screening of samples confirms the presence of a coarse gold fraction (>75 microns) at Kizilcukur. \n \n· New access road has been constructed to the trial mining area, which will be suitable for potential future haulage to the Kiziltepe processing plant.\n \n Dr. Kerim Sener, Managing Director, commented:\n \n\"The latest drilling results from Kizilcukur confirm the potential to establish a satellite source of high-grade ore for the Kiziltepe processing plant. The mineralisation encountered within the top 40m of the Zeki vein system shows sufficiently high grades and widths to support an open pit operation. The occurrence of coarse gold and bonanza grade gold and silver mineralisation in places is highly encouraging.\n \nDuring Q3 2019 we are expecting to conclude our assessments on the feasibility of hauling ore from Kizilcukur to the Kiziltepe processing plant as part of a bulk processing trial. In anticipation of this, we have already completed the construc...