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SIGNIFICANT GOLD AND ZINC ZONES AT KOKKINOYIA
SIGNIFICANT GOLD AND ZINC ZONES AT KOKKINOYIA.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3329Q\n Ariana Resources PLC\n 27 October 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 27 October 2021\n \n \n AIM: AAU\n \n \n SIGNIFICANT GOLD AND ZINC ZONES 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 that further to recent drilling results at the Kokkinoyia Sector of the Magellan Project (\"the Project\"), several important revisions have been made to the geological model. The Project is 100% owned by Venus Minerals Ltd (\"Venus\")*. Venus is focused on the exploration and development of copper and gold assets in Cyprus and Ariana will be completing its earn-in to 50% of Venus by the end of October 2021. \n \n \n Highlights:\n \n \n · \n Detailed evaluation of recent drilling data identifies a potentially economically significant metal zonation within the Kokkinoyia deposit.\n \n \n \n \n \n · \n Significant gold intercepts include: \n \n \n \n \n \n o \n 51.8m @ 0.96g/t Au + 0.51% Cu + 0.28% Zn + 8.21% S\n \n \n o \n 13.0m @ 2.21g/t Au + 1.22% Cu + 0.78% Zn + 5.99% S\n \n \n o \n 42.2m @ 0.55g/t Au + 0.09%Cu + 0.27% Zn + 5.14% S\n \n \n \n \n \n · \n Significant zinc intercepts include:\n \n \n \n \n \n o \n 47.0m @ 0.36% Zn + 0.28g/t Au + 0.20% Cu + 2.6% S\n \n \n o \n 25.0m @ 0.47% Zn + 1.16g/t Au + 0.67% Cu + 3.6% S\n \n \n o \n 5.9m @ 1.60% Zn + 4.55g/t Au + 0.53% Cu + 9.4% S\n \n \n \n \n \n · \n Deposit comprises a gold and zinc dominated upper portion, followed by a copper and gold-rich zone and a largely separate low-grade gold zone at further depth.\n \n \n \n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \"The Kokkinoyia Sector has proven to be a significantly more exciting deposit than initially thought. The presence of gold throughout the system is notable, and its closer association with zinc in the upper parts of the system suggests that the eventual economics of the Kokkinoyia mining opportunity will be influenced significantly for the better. Intercepts of over 40-50m carrying 0.5-1 g/t gold, with associated copper and zinc, dramatically change the definition of po...