Business
Western Tethyan Resources Limited Update
Western Tethyan Resources Limited Update.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n\n\n \n \n \n\n31 July 2024\nAIM: AAU\nWESTERN TETHYAN RESOURCES LIMITED UPDATE\nNEW COPPER-GOLD-MOLYBDENUM PORPHYRY SYSTEM CONFIRMED\nHIGH-GRADE ROCK CHIPS\nAriana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold project interests in Africa and Europe, is pleased to announce an exploration update from Western Tethyan Resources Limited (\"WTR\") concerning the identification of a porphyry mineral system at the Hertica Project, in Kosovo, changes in the scale of the Slivova Gold Project (\"Slivova\") and the results of target generation work in the region. Ariana holds 76% of WTR.\nHighlights:\n• 1,390 metres of diamond drilling has been completed at the Hertica Project and has identified a new porphyry-style copper-gold-molybdenum alteration system.\n \n• A detailed targeting across the Cecelia-Popova-Lluzhan licence package has defined potential for porphyry and epithermal mineralisation with assayed float samples including:\n \no 19.55g/t Au + 684g/t Ag\no 12.75g/t Au + 28.4g/t Ag\no 12.35g/t Au + 22.9g/t Ag\n \n· 2,000 metres of exploration trenching is now underway at Slivova to test the significantly anomalous Dzemajl target identified from soil sampling.\n \n· An environmental and social baseline study is also well underway at Slivova.\n \n· Over 1,000 Bulk Leach Extractable Gold (\"BLEG\") samples have been collected across Kosovo, with several significant mineralised districts now defined; further exploration planning underway for systematic testing of top-tier targets.\nTo read a pdf version of the announcement, please click here: http://www.rns-pdf.londonstockexchange.com/rns/4509Y_1-2024-7-30.pdf\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\").\nDr. Kerim Sener, Managing Director, commented:\n\"This is a great set of exploration results from WTR. A new copper-gold-molybdenum porphyry system was confirmed at the Hertica Project in Kosovo, with further drilling earmar...