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SALINBAS JORC EXPLORATION TARGET
SALINBAS JORC EXPLORATION TARGET.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8278S Ariana Resources PLC 28 June 2018 \n\n \n \n \n \n \n \n28 June 2018\nAIM: AAU\n \nSALINBAS JORC EXPLORATION TARGET\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company with gold mining operations in Turkey, is pleased to announce a Joint Ore Reserves Committee (\"JORC\") Exploration Target for its Salinbas Gold Project (\"Salinbas\" or \"the Project\"). Salinbas is located in the Hot Gold Corridor and is 100% owned by Ariana through its shareholding in Greater Pontides Exploration B.V. (\"GPE\").\n \nHighlights:\n \n· JORC Exploration Target* of up to 2.7Moz gold and 16.1Moz silver established in the Salinbas area, excluding current JORC Indicated and Inferred Resources of c.1Moz gold.\n \n· Potential for further resource extensions to be delineated within high-grade and steeply plunging breccia pipes akin to Hot Maden, which feed in to the Salinbas Horizon.\n \n· Drilling programme fully planned to systematically test this area and to determine its potential to yield additional JORC-compliant resources.\n \n· Exploration drilling plan, comprising c.10,000m of drilling, to be executed in at least two phases once final forestry permits are secured. \n \n* An Exploration Target (as per JORC 2012) is conceptual in nature and there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.\n \nDr. Kerim Sener, Managing Director, commented:\n \n\"We are extremely encouraged by the results of recent work completed at Salinbas during the past few months. A detailed three-dimensional model has been developed to visualise a highly prospective stratigraphic horizon at Salinbas, which, in parallel with the discovery of Salinbas North, has added significant confidence towards defining an Exploration Target in accordance with the JORC code. This model can be viewed via the following link: https://arianaresources.com/in-the-media/1178-salinbas-model\n \n\"Our confidence in the potential for the Salinbas Project to host a multi-million ounce gold system in the area surro...