Ariana Resources unearths new high-grade gold vein at Kiziltepe mine

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Ariana Resources PLC (LON:AAU) told investors it has unearthed a new high grade gold vein at the Kiziltepe mine in Turkey.

The vein was discovered in the hanging-wall of the Arzu South part of the mine. Testing yielded grades of up to 6.09 grams per tonne plus 107.58 grams per tonne silver.

Ariana at the same time noted what it described as further significant results that show the potential for underground development at Arzu South. It includes highlight results with 2.18 to 3.39 grams per tonne gold and 31.68 to 53.53 grams per tonne silver in intersections of around 10 metres.

READ: Ariana’s Turkish mine income boosted by extra silver sales

The company noted that the existing conceptual underground mining plans for Arzu South are now being reviewed further.

“We are very pleased with the results of this drilling programme, which clearly demonstrate the potential for mining to continue along the northwest extension of the Arzu South vein,” Dr Kerim Sener, Ariana managing director said in a statement.

“The recognition of an additional and consistent high-grade structure in the hangingwall of the Arzu South vein is a fantastic result and its discovery is a credit to the intelligence of our exploration team.”

Sener added: “We are now investigating the opportunities for further exploration and resource drilling in this area, along with progressing additional underground mining studies. Based on the initial work completed to date, there are opportunities to either extend the Arzu South pit to the northwest by at least 200m or to develop this area by underground mining methods.”

Kiziltepe is part of the wider Red Rabbit joint venture properties, which is 50%-owned by Ariana alongside Proccea Construction.

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