Ariana Resources plc, the AIM-listed mineral exploration and development company with gold mining interests in Europe, has announced a further set of results from the ongoing drilling programme at Salinbas Project in Turkey.
The project is operated via Zenit Madencilik San. ve Tic. A.S., 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.
- Successful completion of resource drilling within the upper Salinbas area.
- Completion of 5928.8 m, for 61 diamond holes since January 2023.
- 2006 samples for 1744.5 m of drill core still pending for assay analysis at the Kiziltepe Mine Laboratory (incl. QA/QC samples).
- Key intercepts from the latest batch of results include:
- SALH093: 7.2 m @ 9.37g/t Au + 19.6g/t Ag – from 86.2 m, including 1.4 m @ 35.02g/t Au + 69.8g/t Ag – from 88.7 m
- SALH092: 6.5 m @ 3.69g/t Au + 4.4g/t Ag – from 108.1 m
- SALH102: 11.05 m @ 1.56g/t Au + 11.8g/t Ag – from 85.35 m
Dr. Kerim Sener, Managing Director, commented:
“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 m 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.
“Almost 40% of this drilling has been undertaken in the past two years alone, following the injection of US$8 million 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 remain at a very early stage in the overall development of this project area. We are confident that the broader Salinbas Project area represents the opportunity to build on the existing 1.5 million oz gold resource through further exploration and drilling.
“We are currently expecting to continue drilling at Salinbas over the winter, but this work will be weather dependent, and snow has already fallen earlier than expected in the region. In the meantime, we are awaiting receipt of additional data from several holes that were drilled in the area between Salinbas and Ardala.
“We are currently modelling the available results and will integrate these with our current understanding of the mineral system to aid future drill targeting and resource development work. In addition, we have recently initiated a deep induced polarisation (IP)/Resistivity geophysical survey at Hizarliyayla, to better resolve potential drilling targets at depth. We expect to announce some of the initial results from this survey and the drilling undertaken there in recent times within the coming months.”
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