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Multiple Gold-Silver Zones Discovered, Kiziltep...
Multiple Gold-Silver Zones Discovered, Kiziltep....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Multiple Gold-Silver Zones Discovered, Kiziltepe Sector of Red Rabbit Gold Project23 September 2013AIM: AAUMULTIPLE GOLD-SILVER ZONES DISCOVERED, KIZILTEPE SECTORAriana Resources plc (\"Ariana\" or \"the Company\") is pleased to announce the results of recent exploration in the region of the Kiziltepe Sector of the Red Rabbit Gold Project in Western Turkey, which is held within a Joint Venture currently 82% owned by Ariana. The Company has discovered four highly mineralised gold-silver zones within the Kepez and Karakavak prospect areas and is also pleased to report that it has substantially increased the number of gold-silver bearing veins mapped in the region. Highlights: Highly silver-rich zone identified at Kepez Main, returning grades of up to 383 g/t Ag + 1.5 g/t Au and 234 g/t Ag + 1.7 g/t Au. Gold-rich area identified at Kepez Far West, returning results including 14.5 g/t Au + 39 g/t Ag and 5.9 g/t Au + 24 g/t Ag. Complex swarm of veins discovered at Kepez South, returning grades of up to 9.0 g/t Au + 58 g/t Ag. Karakavak South vein mapped and sampled, including grades up 20.8 g/t Au + 34 g/t Ag and 8.9 g/t Au. Current JORC resource is based on only 6% of the total veins mapped in the Kiziltepe Sector, reinforcing significant exploration upside. Dr. Kerim Sener, Managing Director, commented:\"These exceptional exploration results reinforce our views on the prospectivity of the wider Kiziltepe area and continue to point towards future resource upside for our planned mine. It is important to note that our feasibility study is based on only 2km of veins out of 34km now mapped, the latest exploration having identified a further 12km of veins beyond that previously known. This underpins the potential for further discoveries to be made along the general trend of the Sindirgi Gold Corridor, much of which the Company holds under licence. The Company remains fully committed to exploring the Kiziltepe Sector of the Red Rabbit Gold Project. While we wait for the final environmental approvals for the mine, the Company is continuing to evaluate its exploration data and to complete targeted low-cost exploration work to generate new drilling targets for testing during mine construction and start-up in 2014.\" Exploration ProgrammeDuring the Summer of 2013, the Company completed a com...