Business
Significant Drilling Results at Salinbas
Significant Drilling Results at Salinbas.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n \n30 November 2023\nAIM: AAU\nSIGNIFICANT DRILLING RESULTS AT SALINBAS\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to announce a further set of results from the ongoing drilling programme at Salinbas. The project is operated via 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. Results from Ardala and Hizarliyayla will be announced separately when assay results are received.\nHighlights:\n· Successful completion of resource drilling within the upper Salinbas area. \n· Completion of 5,928.8 metres, for 61 diamond holes since January 2023.\n· 2,006 samples for 1,744.5 metres of drill core still pending for assay analysis at the Kiziltepe Mine Laboratory (incl. QA/QC samples).\n· Key intercepts from the latest batch of results include:\n· SALH093: 7.2m @ 9.37g/t Au + 19.6g/t Ag - from 86.2 metres\nincluding 1.4m @ 35.02g/t Au + 69.8g/t Ag - from 88.7 metres\n· SALH092: 6.5m @ 3.69g/t Au + 4.4g/t Ag - from 108.1 metres\n· SALH102: 11.05m @ 1.56g/t Au + 11.8g/t Ag - from 85.35 metres\nDr. Kerim Sener, Managing Director, commented:\n\"This is yet another great set of results from the Salinbas Project. Importantly, wide zones of high-to-moderate grade mineralisation are defined in a number of areas. Over 37,000 metres of drilling has now been undertaken in the wider Salinbas Project area, inclusive of Salinbas and Ardala, but also including the recent discovery area of Hizarliyayla to the south.\n\"Almost 40% of this drilling has been undertaken in the past two years alone, following the injection of US$8million into the project by Ozaltin Holding A.S. in 2021. The substantial acceleration of the project since then has now yielded the longest mineralised intercept ever recorded on the project at Ardala, the discovery of a potentially significant intermediate-sulphidation system at Hizarliyayla, and successful in-fill drilling results from the Salinbas deposit itself. These results collectively attest to the very high prospectivity of the region and continue to demonstrate that we rema...