Business
POSITIVE RESOURCE DRILLING AT TAVSAN
POSITIVE RESOURCE DRILLING AT TAVSAN.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n 16 June 2022\n \n \n AIM: AAU\n \n \n \n POSITIVE RESOURCE DRILLING AT TAVSAN\n \n \n \n Ariana Resources plc (\"Ariana\" or the \"Company\"), an AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce recent resource and exploration drilling results obtained from the Tavsan Project.\n The project is operated by 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.\n \n \n \n Highlights:\n \n \n \n ·\n Infill resource drilling results from Tavsan include:\n \n \n o \n 17.8m @ 2.93g/t Au + 5.1g/t Ag\n \n \n \n incl. 3.2m @ 6.84g/t Au + 8.3g/t Ag\n \n \n \n o \n 12.0m @ 1.70g/t Au + 2.9g/t Ag\n \n \n \n incl. 5.3m @ 2.0g/t Au + 2.6g/t Ag\n \n \n \n \n \n \n o \n 12.9m @ 1.57g/t Au + 1.9g/t Ag\n \n \n ·\n 96 new holes drilled within the Mineral Resource area, providing data for a revised Mineral Resource Estimate.\n \n \n \n ·\n Work on the Mineral Resource Estimate is well underway, with a Feasibility Study to be updated on completion of the new Resource Estimate.\n \n \n ·\n 12 geotechnical drill-holes were also completed at the proposed Tavsan processing plant site.\n \n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \n \n \"These drilling results have continued to reinforce our understanding of the Tavsan gold-silver deposit and have largely extended the footprint of known mineralisation, particularly across the North Zone. In fact, some of the highest grades and widest intercepts of mineralisation in the whole project are now located in this zone. Accordingly, we are expecting a significant improvement in the Mineral Resource Estimate in this area in particular.\n \n \n \n \n \"Permitting for Tavsan is now nearing conclusion and the construction stage of the project is due to commence in July, once financing arrangements are completed. We will be revising our Feasibility Study for Tavsan on completion of the new Resource Estimate and once finance terms are agreed. This is an exciting time in the development of our second mine in Turkey and further updates to the market will be provided in due course.\"\n \n \n \n \n Drilling Programme\n \n \n \n Between November 2021 and ...