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Significant Gold System Confirmed At Kepez West
Significant Gold System Confirmed At Kepez West.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2136S Ariana Resources PLC 16 March 2016 \n\n \n \n \n16 March 2016\nAIM: AAU\n \nAriana Resources\n \nSIGNIFICANT GOLD SYSTEM CONFIRMED AT KEPEZ WEST\n \nAriana Resources plc (\"Ariana\" or \"the Company\"), is pleased to announce positive drilling results from the Kepez West Project, following its recent drilling programme in Turkey. Kepez West is located within the Red Rabbit joint venture, within only 12km trucking distance of the processing plant at Kiziltepe, currently under construction and targeting production in H2 2016.\n \nHighlights:\n \n· Positive drilling results across 1,300m of strike confirm the presence of a significant near-surface mineralised system.\n \n· Notable intercepts include 6m @ 2.7g/t Au + 16g/t Ag from 10m, 4m @ 3.2g/t Au + 23g/t Ag from 8m, 6m @ 2.2 g/t Au +13 g/t Ag from 6m. \n \n· Results suggest a shallow-dipping (10-20°) stockwork vein-hosted style of mineralisation, with probable near-surface enrichment, amenable to low strip-ratio open-pit mining.\n \n· Planning under way for the commencement of trenching across the project, with potential follow-up shallow RC drilling.\n \n· Targeting delivery of a mineable resource from Kepez West, that may be scheduled with mining at Kiziltepe.\n \n \nDr. Kerim Sener, Managing Director, commented: \n \n\"The results of our recent drilling programme at Kepez West has confirmed the presence of a significant mineralised system. Many drilling intercepts returned good grades of gold and silver within close proximity to surface. This is extremely encouraging as it suggests that any resource potential is likely to be very shallow in this area, and therefore amenable to low strip-ratio open-pit mining. Our future work will focus on defining a shallow resource in this area which, in time, may be scheduled with the output from our nearby Kiziltepe Mine, which will be entering production in H2 2016.\" \n\nDrilling Programme Details\nThe drilling programme at Kepez West follows several earlier phases of exploration to define the target zone of interest, including mapping of surface veins and alteration, rock-chip and soi...