Business
WORK PROGRAMMES ON TURKISH PROJECTS
WORK PROGRAMMES ON TURKISH PROJECTS.
About this update from Ariana Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 10 November 2022\n \n \n AIM: AAU\n \n \n \n WORK PROGRAMMES ON TURKISH PROJECTS\n \n \n \n Ariana Resources plc (\"Ariana\" or \"the Company\"), the AIM-listed mineral exploration and development company with gold mining interests in Europe, is pleased to provide an update on its advanced Turkish projects which are 23.5% owned by Ariana through its shareholding in Zenit Madencilik San. ve Tic. A.S. (\"Zenit\"). \n \n \n \n Highlights:\n \n \n \n ·\n Gold production at Kiziltepe continues to perform in line with guidance, while the ongoing drilling programme has now completed over 11,000m of diamond drilling which has continued to test extensions of various vein systems.\n \n \n ·\n Geophysical programmes involving electrical and magnetic methods underway across Kiziltepe, Kepez and Kizilcukur, to aid future drill targeting.\n \n \n ·\n Construction of a second gold mine at Tavsan is progressing as planned, with earthworks well advanced and site infrastructure works underway.\n \n \n ·\n Soil geochemical programme underway across the Tavsan project licences, following the detailed geological mapping programme completed over the summer.\n \n \n ·\n Following the identification of further targets during the mapping programme, drilling for up to 4,600m has just commenced to identify potential resource extensions.\n \n \n ·\n Drilling at the Salinbas Project remains underway with over 6,300m drilled, and a second drill-rig is due to commence work on-site within the current week as part of a substantially extended programme.\n \n \n ·\n Geological mapping and soil sampling underway at the Hizarliyayla Prospect (part of the Salinbas Project) in preparation for a future drilling programme.\n \n \n \n Dr. Kerim Sener, Managing Director, commented:\n \n \n \n \n \"We are highly encouraged by the simultaneous and substantial progress being made across all advanced Turkish projects in which we hold an interest through Zenit. Following the restructuring of our Turkish operations, Zenit has since completed over 36,000m of drilling across the projects in the past two years alone, which significantly represents over 40% of the total drilling completed in Turkey by Ariana to date. Drilling is currently expected to be maintained across all of our advanced projects through...