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Red Rabbit Gold Project Update & New Exploratio...
Red Rabbit Gold Project Update & New Exploratio....
About this update from Ariana Resources Plc
[{"type":"text","content":"\n Red Rabbit Gold Project Update & New Exploration Strategy at Kiziltepe Sector to Significantly Increase Mineable Resources 28 November 2013AIM: AAUKIZILTEPE SECTOR: NEW EXPLORATION STRATEGYAriana Resources plc (\"Ariana\" or \"the Company\"), is pleased to provide a positive update on the Red Rabbit Gold Project in Western Turkey (\"Red Rabbit\") following the comprehensive evaluation of high-grade gold silver occurrences in the Kiziltepe Sector of the project. This work has prompted the adoption of a new exploration strategy at Kiziltepe, which is being developed in parallel with a new exploration model. The Company believe that this exploration strategy has the potential to significantly increase the mineable resources at Kiziltepe, which is being advanced towards production currently scheduled for Q4 2014.Highlights: New exploration plan adopted with the objective of doubling the potentially mineable resources in the Kiziltepe Sector over the next two years, focusing initially on existing exploration targets. New exploration model explains the distribution of high-grade gold-silver veins better than any previous model for the region. Potential link between gold-silver mineralisation and high-level sub-volcanic intrusions now established. Dr. Kerim Sener, Managing Director, commented:\"This recent work is highly significant for Ariana, and dramatically increases the overall prospectivity of the Kiziltepe Sector, which will be our initial focus for mining at the Red Rabbit Gold Project and which we are advancing towards production for Q4 2014. \"Recent efforts by the team have been focused on better understanding the distribution of high-grade gold-silver occurrences in the vicinity of Kiziltepe. It is now apparent that the gold-silver bearing vein-swarms at Kiziltepe and Karakavak sit either side of a volcanic feature, which is centred on a large structurally-controlled clay alteration zone. Along the margins of this feature are situated the Kepez quartz-sulphide veins, which are in places hosted by resurgent volcanic domes. \"The coincidence of these features in an area of approximately 30km2 and their possible link to a volcanic caldera increases the overall prospectivity of the Kiziltepe Sector considerably. There is also longer-term scope to de...