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SALINBAS LICENCE, FORESTRY PERMITS AND DRILLING
SALINBAS LICENCE, FORESTRY PERMITS AND DRILLING.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8848Y Ariana Resources PLC 14 May 2019 \n\n \n \n \n \n \n \n14 May 2019\nAIM: AAU\n \nSALINBAS LICENCE, FORESTRY PERMITS AND DRILLING\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), the exploration and development company with gold mining operations in Turkey, is pleased to announce several positive developments on 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· Salinbas licence renewal to operational status approved for 10 years by the General Directorate of Mining and Petroleum Affairs (\"MAPEG\") and relevant fees are paid.\n \n· Ardala licence forestry permits for full drilling programme secured and site preparation including road-building is underway. \n \n· Reverse Circulation (\"RC\") drill rig has been mobilised to site and a 2,000m drilling programme is commencing imminently.\n \n· Trial mining at the Ardala Au-Cu-Mo porphyry has provided for a c.10,000 tonne stockpile on site containing evidence of significant mineralisation.\n \nDr. Kerim Sener, Managing Director, commented:\n \n\"This is an excellent set of outcomes for the future development of the Salinbas Project, which have converged simultaneously. Now that we have secured all of the permits required for the drilling of the Ardala licence we have much greater flexibility to drill-test some of the key targets defined in earlier exploration. An initial 2,000m of RC drilling is due to commence on the Ardala licence imminently and is expected to conclude by early June. In addition, achieving the upgrade of the Salinbas licence to operational status is a particularly important development, as it will secure our rights to that property for 10 years.\"\n \nSalinbas Licence\n \nThe General Directorate of Mining and Petroleum Affairs (\"MAPEG\") has approved an operational licence covering part of the Salinbas Project for 10 years. The relevant fees have been paid to MAPEG in order for the licence to be certificated. It is expected that the licen...