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Kiziltepe Vein System Extended
Kiziltepe Vein System Extended.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5489N Ariana Resources PLC 01 February 2016 \n\n \n \n1 February 2016\nAIM: AAU\n \nAriana Resources plc\n \nKIZILTEPE VEIN SYSTEM EXTENDED\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), is pleased to announce the results from its final phase of drilling at Kiziltepe in 2015. Kiziltepe is part of the Red Rabbit Joint Venture with Proccea Construction Co. and will be 50% owned by Ariana once mine construction is completed in H2 2016.\n \nHighlights:\n \n\nThree new exploration holes into Arzu Central, between the Arzu North and Arzu South production areas, confirms the potential of a 600m extension to the known mineralised strike length of the Arzu vein system. \n \nBest intercepts from this area include, 22m @ 2.93g/t gold + 29.76 silver, 10m @ 2.32 g/t gold + 46.79g/t silver and 5m @ 0.99g/t gold + 13.62 g/t silver.\n \nNear surface pre-production drilling over Arzu South provides for advanced scheduling before open-pit mining commences.\n \nBest pre-production drilling results include, 5m @ 3.23 g/t gold + 68.60g/t silver, 3m @ 4.98g/t gold + 74.57 silver and 4m @ 3.38 g/t gold + 76.40 g/t silver.\n\n \nDr. Kerim Sener, Managing Director, commented: \n \n\"This is an extremely exciting development in the exploration of the Kiziltepe Mine area. We have now confirmed the potential for Arzu Central to contain mineralisation of the same calibre as the rest of the Arzu vein system. The results are fully in line with our expectations following the establishment an Exploration Target in this area, which has the potential to double the current resources at Kiziltepe and will become a key focus for further exploration efforts. In time, such additions to the resource base may further increase the mine life of Kiziltepe well beyond the eight years currently planned. In addition, we are pleased to note that we will be submitting new forestry permit applications to enable drilling through this area as part of a broader programme. \n \n\"We are very encouraged by these results, following in such quick succession after the excellent drilling results from our Kizilcukur site, as announced on 18 January 2016. We look forward to announcing further exploration drilling results during early 2016. Such...