Ariana Resources – Positive Drilling Results at Salimbas Gold Project

Ariana Resources – Positive Drilling Results at Salimbas Gold Project

Ariana Resources plc ("Ariana" or "the Company"), the exploration and development company operating in Turkey, is pleased to announce the results of a recent drilling campaign completed  at its Salinbas Gold Project ("Salinbas" or "the Project"). Salinbas is located in the Hot Gold Corridor and is 100% owned by Ariana through its shareholding in Greater Pontides Exploration B.V. ("GPE").

 

Highlights:

 

·    Salinbas-type mineralisation identified in several holes drilled within the zone connecting Salinbas and the Ardala porphyry system, within c.120m from surface:

 

11m @ 5.33 g/t Au + 47.1 g/t Ag + 0.89% Pb + 0.35% Zn (from 111m)

6m @ 2.29 g/t Au + 8.1 g/t Ag + 0.88% Cu + 0.33% Pb (from 89m)

12m @ 1.01 g/t Au + 10.3 g/t Ag (from 39m)

 

·    Significant base-metal intercepts (in places with precious metals) identified beneath the Salinbas mineralised horizon, notably 12m @ 0.22 g/t Au + 22.8 g/t Ag + 0.32% Pb + 0.73% Zn

 

·    Additional results from certain mineralised intervals are still pending from the laboratory.

 

Dr. Kerim Sener, Managing Director, commented: 

"We are very pleased to report our preliminary drilling results from the Salinbas Gold Project, since it became 100% held by Ariana.  These results, while only partial at this stage, demonstrate the development of a major magmatic-hydrothermal system in the vicinity of the Ardala Cu-Au-Mo porphyry.  The latest data confirms that the mineralised part of the Ardala porphyry, which is enriched in precious and base-metals, does connect intimately with the Salinbas gold-silver zone and that the two systems should in fact be treated as one.  This was a prediction from our earlier geological modelling and is a finding that bodes exceptionally well for the discovery of further mineralisation in the vicinity, particularly in the immediate surrounds of the Ardala porphyry.  This is an area, which to date, has been poorly explored.  Consequently we continue to remain excited by the exploration upside of the project and look forward to commencing our follow-up work programmes."

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