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SIGNIFICANT DRILLING RESULTS AT KOKKINOYIA, CYPRUS
SIGNIFICANT DRILLING RESULTS AT KOKKINOYIA, CYPRUS.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1255O\n Ariana Resources PLC\n 06 October 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 6 October 2021\n \n \n AIM: AAU\n \n \n SIGNIFICANT DRILLING RESULTS AT KOKKINOYIA, CYPRUS\n \n \n Ariana Resources plc (\"Ariana\" or \"the Company\"), \n the AIM-listed mineral exploration and development company with interests in gold mining operations in Europe\n , is pleased to announce recent drilling results obtained from the Kokkinoyia Sector of the Magellan Project (\"the Project\") which is 100% owned by Venus Minerals Ltd (\"Venus\")*. Venus is focused on the exploration and development of copper and gold assets in Cyprus. Ariana is continuing its earn-in to 50% of Venus and is currently entitled to 37.5%, with 50% expected to be achieved in early Q4 2021. \n \n \n Highlights:\n \n \n · \n Gold confirmed in all 2021 Kokkinoyia Sector drill holes, identifying the deposit as a copper-gold-zinc mineral system.\n \n \n \n \n \n · \n Three new mineralisation zones identified, with \n significant results including: \n \n \n \n o \n 18.9m @ 0.86% Cu + 1.54g/t Au + 0.55% Zn, including 3m @ 4.40% Cu + 6.24g/t Au + 0.82% Zn\n \n \n \n o \n 15.0m @ 0.54% Cu + 0.16 g/t Au\n \n \n \n o \n 9.0m @ 0.72% Cu + 0.43g/t Au + 0.29% Zn, i\n ncluding 3m @ 1.44% Cu + 0.72g/t Au + 0.38% Zn\n \n \n \n \n \n · \n Metallurgical analysis pending ahead of next phase of project development.\n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \"These final drilling results from the Kokkinoyia deposit reinforce our understanding that an updated mineral resource will include gold, in addition to copper (with zinc in places). Of particular note is the extension of moderate to high-grade mineralisation outside of the envelope which defines the current mineral resource. Furthermore, while old underground mine development areas were encountered in most of the holes drilled in the programme, such areas were typically filled with material that carried appreciable grades of copper, gold and zinc. \n \n \n \"These results place Venus in a strong position to update its Mineral Resource Estimate and to consider further resource development work at this site. In addition, mineralised material derived from the programme will ...